The Tribune.
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00084249/02940
 Material Information
Title: The Tribune.
Uniform Title: Tribune. (Nassau, Bahamas).
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Publication Date: 7/13/2007
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
System ID: UF00084249:02940

Full Text

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Volume: 103 No.192 FRIDAY, JULY 13, )J07 PRICE 750

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rau claimsS

Allegations that

non-citizens may have

used search cards

Tribune Staff Reporter
LARGE numbers of non-citi-
zens may have registered and vot-
ed based on search cards, a source
Search cards are issued by the
registrar general's office for peo-
ple whose birth certificates cannot
be found in the official state
records after all checks are
exhausted and these cards are
not proof of citizenship.
Additionally, the cards are
most likely to be issued to older
people born more than 50 years
ago for example, as modern
claimants can produce affidavits
and witnesses to their births,
whereas older claimants may not
be able to.
The source alleges that large

numbers of non-citizens were
specifically being registered with
these cards, in a particular north-
ern Family Island constituency,
though he further claims that this
practice may have been wide-
"They stopped issuing them
as a result of the last election,"
he said. "On the 20th of April
they stopped it in the campaign.
Because in the campaign there
was so much abuse."
All Bahamians who register to
vote for the first time, a;r. -up-
posed to show proof of citizen-
ship, such as a passport. In sub-
sequent elections, these voters
are allowed to use other forms of
identification that do not prove
SEE page 10

Young man to 'Six could bid'
be arraigned for the PLP
today after
age confusion chairmanship

A YOUNG man who has
been charged in connection
with the murder of 18-year-old
Mardio Hall is expected to be
formally arraigned today after
his arraignment did not go
ahead as scheduled yesterday.
It was stated that the young
man, who is a resident of
Pinewood Gardens, is 17 years
However, his age apparently
had not been confirmed up to
SEE page 12

SEEN in The Tribune plant before the press started to roll on the first publication of the
Bahamas edition of USA TODAY are (1-r) Robert Carron, Tribune Chief Operating Officer; Den-
ver Adderley, press room assistant; Roger Carron, Tribune managing director, Jamal Brown, senior
press operator; Mrs Eileen Carron, Tribune publisher; Tom Kelly, circulation vice president, USA
TODAY; Terry Carlson, manager/field operations, USA TODAY, and Jephthah Rahming, press oper-
THE Tribune and USA The Tribune press for distribu- ture for USA TODAY in the
TODAY made history this tion at Paradise Island and New Caribbean. We're excited to be
morning when the 2.25 million Providence hotels, publishing with The Tribune and
circulation American publication "Our partnership with The
printed its Bahamas edition on Tribune is the first printing ven- SEE page 12

Tribune Staff Reporter
THE race for the chairmanship
for the PLP will be "heavily
stacked" with as many as six peo-
ple possibly making a bid for the
position during the party's nation-
al convention in November,
according to PLP sources.
A source close to the party told
The Tribune that in addition to
Glenys Hanna-Martin who has
officially declared her intentions
- contenders for the post may
include former Mount Moriah
SEE page 10

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NIB employees
again claiming
EMPLOYEES at a branch of
the National Insurance Board
are again claiming to be the vic-
tims of intimidation and victim-
isation at the hands of a few
high-ranking officials at NIB.
Allegations have surfaced
over sexual harassment, undue
dismissals without basis, and
low employee morale as a result
of the reported leadership at
one branch of NIB.
According to one employee,
who spoke to The Tribune on
the condition of anonymity, he
has been working in "hell" for
the past year. "It seems like he
(the NIB official) has a vendet-
ta against our section," he told
The Tribune on Thursday. "I
been working for the National
Insurance Board for 30 years,
and I never experienced this
kind of torture."
"Sorieone has to expose this
company," said another fed up
employee. "The union ain' help-
ing us, it seems like nobody
SEE page 12

PMH set for

four new


DIALYSIS patients at the
.Princess Margaret Hospital can
expect four more new dialysis
machines to be installed by the
,,weekend of July 20th, according
to Vice-president of Renal
Dynamics LLC, Todd Andersen.
The new machines, which are
expected to arrive in the Bahamas
today, will make eight in total
resulting from the successful
nationwide campaign by The Tile
King, FYP Ltd and The Tribune
that raised $342,915.29 more
than double the original goal of
In an interview with The Tri-
bune, Mr Andersen, explained
that the original 17 machines at
the Dialysis Unit have or are
arriving at the maximum usage
targets, and these new machines
are needed.
"Our company originally put
these machines in years ago and
the machines have an average life
of seven years and/or 28,000
hours. And so, based upon the
SEE page 10



'2' '~s






Abaco relics to stay in Bahamas On

Tribune Staff Reporter

property of the Bahamian peo-
ple", and once there is a facility
in which they can be housed

beyond our comprehension at
this point," said scientist Richard
Franz of the Florida Museum

110 feet.
Some of the creatures are
now extinct, whereas other are

tuckv Fried Chicken bone? Lit-
erally, you need someone to
interpret it." explained Ms

ANCIENT artifacts found in adequately, the Bahamian peo- of Natural History at the Uni- now known only to exist in oth- Albury.
Abaco touted as holding the pie, and tourists, will be able to versity of Floi'da. "We should er parts of the Caribbean. Experts involved in the
key to perhaps 12,000 years of view them. be able to reconstruct thq past Staff at the National Muse- search for the fossils say that
Bahamian history-will remain Minister of Culture Charles 10,000 to 12,000 years in the um in Abaco have honed their they expect more are to be
in this country for the Bahami- Maynard said that building a Bahamas maybe longer." skills in preserving the fossils, found across the Bahamas.
an people to enjoy, according facility where historical objects with help from U S experts However. Ms Albury noted that
to an official at the National can be stored and exhibited is DiscoverV based at the University of Flori- unfortunately, many Blue Holes
Museum. a priority for his government, Jda, and today, most of the arti- have been polluted to the extent
Yesterday, The Miami Her- however, both he and Nancy facts are stored in a repository that any artifacts would not
aid reported on findings made Albury of the Abaco branch of According to Ms Al ury, the in Marsh Harbour. have been preserved as they
in and around Marsh Harbour, the Bahamas National Museum, first fossil the skull of a Cuban Numerous Bahamians are have in the Sawmill Sink.
including shells of a long extinct agree that ensuring the right crocodile was discovered in involved in the project to find "Unfortunately it's a very
land tortoises, a 1,000 year old kind of building is produced will 1994. The piece was later car- and preserve the remains, said common place for people to put
human bone, and 40 skeletons take some time and.research. bon-dated at 2,800 years old. Ms Albury, although the their trash. Not only does it cov-
of Cuban crocodiles over 3,000 Such a museum could be a Since that time, hundreds of Bahamas suffers from a short- er up the fossils, but it changes
years old, now disappeared major draw, particularly con- pieces have been uncovered, age of native paleontologists, the water chemistry, which
from Bahamian shores. sidering that the Abaco artifacts, primarily from one Blue Hole The Florida Museum of Nat- causes any fossil remains to be
Some of the findings have have been described as the the Sawmill Sink which has ural History.repository of arti- destroyed," she said.
been taken to Florida for analy- "best preserved in the now been protected. facts allows experts to cross Meanwhile in the sink, the
gis at their Museum of Natural Caribbean" according to pale-' A flightless shorebird, a large examine the fossils against oth- water has been found to have
History, but.. yesterday. one-,ontologist Gary Morgan, at the. rodent as well as numerous bats, er remains, and determine the properties whichkhas.allowed
Bahamian historical authority New Mexico Museum of Nat- tortoises and reptiles were species to which it belongs, the pieces to be preserved to an
noted that the surprising and ural History. among dozens of species in evi- "You find a bone, and you "exceptional" standard over the
significant artifacts are "the "I think the potential is dence between depths of 30 to know, what is it? Is it a Ken- millennia.

Chamber of Commerce to host ministerial forum

Tribune Business Reporter
THE Bahamas Chamber of
Commerce will host its annual
chamber week with a new
forum to allow Bahamians to
discuss important issues with
members of the new FNM cab-
At a press conference to
announce the week of events,
Philip Simon, the chamber's
executive director, said nine
Cabinet Ministers have con-
firmed their attendance for the
Meet The Ministers Forum,
which will be held at the San-
dals Resort on July 19.
"This is an exciting concept,
and we hope that it will not be
the first of its kind, but that we
will be able to actually put on
this particular type of forum
with our cabinet ministers and
government representatives on
a semi-annual basis. This is par-
ticularly significant in light of
the recent general election and
the change of government," said
Mr Simon.
It will be a free event. To
date, the confirmed ministers
Zhivargo Laing, minister of

state for finance; Claire Hep-
burn, attorney general and min-
ister of legal affairs; Carl Bethel,
the minister of education,
youth, sports and culture; Earl
Deveaux, minister of public
works and transport; Brent
Symonette, minister of foreign
affairs; Tommy Turnquest, min-
ister of national security; Neko
Grant, minister of tourism and
aviation; Brent Symonette, min-
ister of foreign affairs; Dion
Foulkes, minister of maritime
affairs; Hubert Minnis, minis-
ter of health and social devel-
The theme for the week is
Promoting Trade, Expanding
Commerce, Building Better
Other events scheduled for
Chamber week include:
The third annual indepen-
dence golf tournament at the
Radisson Cable Beach Golf
Course on Saturday, July 14
The president's meeting,
where the seven presidents of
the seven chambers around the
Bahamas get together and dis-
cuss strategies relating to the
Chamber's growth and expan-
sion, and the needs of the busi-
ness community, which will be

* ZHIVARGO Laing is one
of those attending the confer-
held on Wednesday, July 18
According to Dionisio D'Ag-
uliar, the Chamber president,
the highlight of the week will
be the Gala Award Celebration,
planned for Saturday, July 21.
He said that this year, four
awards will be presented: Busi-
nessperson of the Year; Devel-
oping Entrepreneur of the Year;
the Business of the Year; and a
Lifetime Achievement award.

The Businessperson of the
Year award.is given to an indi-
vidual who has increased busi-
ness income, has an innovative
spirit and made new market
The nominees this year are :
Juan Bacardi, Bristol Cellars;
Chester Cooper/John Wilson,
British American Insurance;
and Dr Conville Brown.
The Developing Entrepre-
neur of the Year award is given
to an individual who has started
a business within the past three
years, and been in business at
least a year.
The nominees in this catego-
ry are: Burton Wallace, of Movi,
and Al Frances, of the Sleep
The Company of the Year
award is given to the business
which has produced good cor-
porate citizens and improved
business, while adhering to eth-
ical business practices. It must
also be involved in industry
organizations ,and is a willing
contributor to enhancing the
overall development of the
The nominees are: Bank of.
the--Baharnas International, the
John Bull Group of Companies

and Kerzner International.
A lifetime Achievement
award will be given to Kelly's
Home Centre, with the compa-
ny celebrating its 80th anniver-
sary this year, although Mr D'
D'Aguliar said that this was not
why the award was given to the
The titled sponsorship for the
golf tournament is Diamond
'International, and the sponsors
for Chamber week include:
Kerzner International, BTC,
Starbucks, Bahamas Ferries,
SuperWash, Cable Bahamas,
Doctors Hospital, Bahamas
Wholesale Agency, Nova
Southeastern, JS Johnson, Pearl
Vison, Bristol Cellars,
Solomon's Mine, John Bull
Group of Companies, Island
Merchants, Coin of the Realm,
Studio Three, Master Techni-
cians, Custom Computer,
Bahamas Box, GrayCliff, San-
dals, Bahamas Supermarkets,
Continental Airlines, Bally
Total Fitness, Mr Fitz Stubby,
Abaco Club, Harl Taylor Bags,
Abaco Air, the Event Strate-
gies Unit of the Ministry of
Tourism led by Janet Johnson
'and Creative Edge Ad\ ertsing


accused of
robbery have
case moved

THE case of two police
officers charged with armed
robbery will continue in court
five on July 17.
The case was switched to
court five, Bank Lane on
Wednesday after the men,
Constable Tarquin Kelly and
District Constable Jonathan
Hall, were arraigned before
Chief Magistrate Roger
Gomez in court one.
The men were not required
to plead to the armed robbery
Kelly pleaded not guilty to
an additional charge of pos-
sessing an unlicensed firearm.


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PAGE 2, FRIDAY, JULY 13, 2007




OIn brief

Haitian is
accused of
sex with
A HAITIAN man accused
of having sex with a five-year-
old girl was arraigned in Mag-
istrate's Court yesterday.
It is alleged that Marck-
endy Julmise committed the
offence sometime during
June 2007.
Julmise was adjourned
before Magistrate Marilyn
Meeres at court five in Bank
Julmise was not required
to enter a plea to the charge
and was remanded to Her
Majesty's Prison having been
denied bail.
The case was adjourned to
October 18.

Police hunt for
robbers after
phone card
booths raided

TWO Quick Cell phone
card booths were robbed at
gunpoint on Wednesday
night, according to a state-
ment issued by press liaison
officer Assistant Superinten-
dent Walter Evans.
At.around 5.20pm, two
men in a gold coloured vehi-
cle pulled up to a booth on
Robinson Road near Flori-
da Court, Mr Evans said.
He said one unidentified
man got out of the car and
requested a five dollar phone
card from the attendant.
The man then pulled out a
handgun and robbed the
attendant of $400 cash and
about 30 phone cards.
Mr Evans said two men
sped off in the car travelling
in the direction of Key West
Street north.
He added that around half
an hour later, a second Quick
Cell booth was robbed.
A black vehicle with two
occupants pulled up near a
. phone.card booth on East
Street south.
An unidentified man held
the attendant at gunpoint
then left with $500 cash and
several phone cards, Mr
Evans said.
The occupants sped off
travelling north on East
Investigations into both
incidents continue.


Environmental Health

staff threaten action

DISGRUNTLED workers in
the grounds and beautification
section of the Department of
Environmental Health are
threatening to take action if
their "frustrating" working con-
ditions are not rectified.
The workers said that they
intend to stage either a walk-
out or a sit-in if their complaints
are not addressed in the next
few weeks.
An employee who spoke to
The Tribune described the
working conditions as "virtual
slavery" and said that eventual-
ly, "someone is either going to
get killed or hurt."
"We already went through
protocol," she said yesterday.
"Someone wrote a letter to the
director and the permanent sec-
retary almost two weeks ago
and no one replied. Tempers
are really hot around here and
morale is low."
She alleged that she and her
co-workers are forced to clean
up potentially hazardous and
unsanitary waste such as used
condoms, discarded sanitary
napkins, and human faeces -
without the benefit of protec-
tive gear and proper equipment.
"All they give us is latex gloves
and sometimes [the gloves] tear
when you put your hand in the
garbage," she explained. "It is
very unsanitary."
"They have women out there
cleaning the beach, picking up
trash, things male workers sup-
posed to be doing, and they ain'
even give us our hazardous pay.
The heads in this department
really need to move, or do
more," she said.
The source alleged that when
employees complain to their
supervisors about working con-
ditions, such as an employee
bathroom being out of order for
more than two weeks, threats
about docking wages are made.
The employee has been
working for the grounds and
beautification section for a

Complaints over quality

of working conditions

* JOHN Pinder

number of years, but claims that
she is still classified as a "relief
worker" and being paid on a
week to week basis.
"I only is get paid $175 a week,
and after they take out national
insurance I only left with $169."
She added that on her meagre
salary, it is difficult to take care of
her family as she is the sole bread-
winner. She noted that she put in
the necessary paperwork before
the May general election to."regu-
larise" her from a weekly worker to
a monthly, salaried worker, how-
ever she is still awaiting approval.
John Pinder, President of the
Bahamas Public Service Union,
said he has not "advised any
industrial action" as yet, but
acknowledged that there are "a
number of concerns" that need-
ed to get addressed by the
Department of Environmental
"We [the union] are dealing
with the issues," he told The Tri-
bune yesterday. "We are aware
that a number of employees are
entitled to hazardous pay, are
not receiving risk allowance, and

we know that a number of per-
sons are working outside of their
job description. There is also a
concern about a number of peo-
ple who are not established [per-
manent] workers. We know of
[employees] who have been
there for 12 years and are still
paid on a weekly basis."
Mr Pinder also noted that
workers are receiving the mini-
mum risk allowance wage of
$16.67 a month, when they were
entitled to as much as $100 a
When asked if he had
received any complaints regard-
ing maltreatment of employees
at the hands of supervisors, Mr
Pinder replied "not being pro-
vided with regular drinking
water, not having access to
lunchroom facilities and a [lack
of] protective gear" were just a
few of the complaints.
Mr Pinder revealed that the
union has contacted the Minister
of Health, Dr Hubert Minnis,
to arrange a meeting about the
work conditions at the depart-
ment, but no date has been set.
Barbara Burrows, permanent
secretary for the Department
of Health, told The Tribune that
she was aware that some
employees need to be regu-
larised. She added that her
department is "actively work-
ing on the matter."
However, she said that she
was not aware of the other
issues being raised by staff, but
that she would meet with her
director to discuss them.
Attempts were made by The
Tribune to contact Minister of
Health Dr Hubert Minnis and
Winston Sweeting, deputy direc-
tor of Environmental Health,
but up to press time they could
not be reached for comment.

RBDF apprehends 38 Haitians

DEFENCE Force Marines
assigned to the Land and Sea
Park preserve along with the
Park's warden apprehended 38
undocumented Haitians on Pipe
Cay in the Exuma chain on
Thursday morning.
The immigrants are suspect-
ed of attempting to land illegal-
ly in the Bahamas.
While on routine patrol, the
marines received reports that a
Haitian vessel had run aground
on the cay.
A further investigation dis-
covered the immigrants, who all
appeared to be in good health,
the officers reported.

Defence Force patrol'craft
HMBS P-42 was sent to assist
with the removal of the Haitians.
An ongoing search is current-
ly being carried out on the cay
for any additional immigrants
that may have been missed in
the initial sweep.
This is the second apprehen-
sion of Haitians in the past week.
Last week Friday, 76 migrants
were caught off Halls Point,
Exuma, and brought to Nassau.
This brings the total to more
than 600 Haitian nationals
apprehended in the Bahamas by
Defence Force officials so far
this year.

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FRIDAY, JULY 13, 2007, PAGE 3

r 4, rrMIUMT, JULY 1I3, 2UU/


has a record of trying to expand the exec-
utive branch's power however possible.
So although the Senate and House
judiciary committees have demanded
more information on last year's firings
of nine US attorneys, the White House
- predictably is refusing to comply.
President Bush's assertion of execu-
tive privilege Monday is disturbing
At the least, it means he will keep
stonewalling inquiries into the firings.
But there's more to the story.
Executive privilege is often cited to
protect information connected with pres-
idential decision-making.
By invoking it now, Mr Bush is unwit-
tingly implying the purge was instigated
not by Justice Department middle man-
agers, as department officials have testi-
fied, but by the White House itself.
The firings targeted nine US attorneys
appointed by Mr Bush.
Several of them had pursued corrup-
tion allegations against Republicans or
failed to pursue voter-fraud cases that
might have damaged Democrats.
The two committees are seeking
administration documents on the firings
and testimony from two former White
House officials.
By withholding the documents and urg-
ing the aides not to talk though at
least one is expected to testify anyway -
the administration has provoked a show-
down over whether Congress has the
right to meaningful oversight of the exec-'
utive branch.
The committees should not shy away
from this battle.
No one disputes the president's author-
ity to name US attorneys.
But these political appointees histori-

cally have been expected to oversee fed-
eral prosecutions in an impartial man-
ner and to base decisions about whom
to charge solely on the facts and the law.
The question is whether the adminis-
tration abused its authority by pressuring
the prosecutors to carry out Republican
The information demanded by the judi-
ciary committees would shed light on
that issue.
It could also clarify whether Attorney
General Alberto Gonzales told the
House Judiciary Committee the truth in
May when he claimed to have played a
minimal role in the firings.
In the past, when the Congress wanted
more information than the White House
wanted to provide, the conflict usually
ended in some kind of deal.
Bush has offered to produce more
information and witnesses, but with unac-
ceptable strings attached.
Bush may be taking a calculated risk.
The clock is ticking away on his admin-
The Supreme Court has two new jus-
tices with an expansive view of presi-
dential power.
The president's approval rating is so
low that resisting the committees'
demands can hardly drag them down fur-
The legal limits of executive privilege
are largely unsettled.
What's clear, though, is that the privi-
lege is not absolute.
It certainly does not give the president
carte blanche to resist a legitimate inquiry
into potential abuses.

(This article is from
The Boston Globe c. 2007)

The Tribune Limited
Being Bound to Swear to The Dogmas of No'Master

LEONE. H. DUPUCH, Publisher/Editor 1903-1914

(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972 \
Contributing Editor 1972-1991

Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, P.O. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. F-485, Freeport, Grand Bahama


Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department (242) 502-2387
Nassau Fax: (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348

First a purge, then a power play

EDITOR, The Tribune.
PLEASE allow me space in
your publication to address a
grave concern building in our
beloved Bahamas.
I sat home on Monday, July
9th, on the eve of the anniver-
sary of the country's 34th Inde-
pendence, quietly listening to
the 1pm newscast, to hear that
the 43rd murder had taken
place in the Commonwealth.
Media reported young 18-year-
old Mardio Hall, a college
bound student and recent high
school graduate, was gunned
down in cold blood before a
crowd of onlookers at an open
air event Sunday evening near
the Queen Elizabeth Sports
I was not shocked to hear
that another life had been
snuffed out by some dumb
argument, of late it has become
the norm. But I was shocked to
know that the murder had tak-
en place just a stones-throw
away from where the National
Ecumenical Service was just
held. At that service were HE
Arthur Hanna, the Prime Min-
ister and members of the Cab-
inet along with clergy, all
assembled praying for the life
of the nation after 34 years.
Then later just outside the
Kendal G. L. Isaac gym, across
the street if I may say. in the
same vicinity where our leaders
were just assembled, this young
man dies instantly, the victim
of another senseless death.
However this time, an 'Open-
Air Public Execution' for wit-
nesses to see.
Where are we going with all
,thismurder in The Bahamas?
My God, I said, how far we
l~Vae come and how low we
have reached in this country
when it comes to acts of vio-
lence. There is something seri-
ously wrong deep within the
body of our country, as these
festering sores of murder con-
tinue to break out across the
skin of The Bahamas!
I accepted something went
terribly wrong deep inside the
body of the Bahamas as far
back as 1997, to cause these
festering sores, when the for-
mer Minister of Housing
Charles 'Chuck' Virgill, the
husband of a sitting magistrate
Linda Virgill, was kidnapped
and brutally murdered. The
killers took the life of a sitting
member of the Cabinet of The
Bahamas and today where are
these criminals one may ask? I

know for a fact they at least
to this day- have not received
their just sentence to die.
My great fear is this: People
in The Bahamas across com-
munities, see an independent
country with successive gov-
ernments lacking the political
will to administer the justice
handed down to criminals in
the Bahamas.
They see legal agencies in
their archaic state inadequate.
Criminals see their associates
on bail, free to further create
more "home grown terror",
whilst communities and vic-
tims' families find themselves
locked away and barred in
their high walled homes or
fenced in by barbed wire,
shockingly paralyzed to do
anything and wondering who
would be next in line for the
bullet once they walk outside

the walls of their homes.
Crime has spiraled out of
control in this country, leaving
even hardworking officers of
the police force concerned.
This is a time for all of us, as
we reflect on 34 years as an
Independent nation, to once
again free ourselves! Let this
freedom from violence and
crime begin in our own homes
where dissenting voices cry
foul. Let it move throughout
each community. So if you are
in Fox Hill or Bain Town or
Farm Road or Blair, let us
come together to, as it was in
the Bahamas before 1973,
"know our neighbours" again,
and tackle this festering sore
that has ruptured into our com-
munities. Let us stand up and
fight crime wherever we see it,
report it and run it out of this
little sovereign nation of ours
we love so dear.

July 11, 2007

Audley D Hanna should

have received more respect

EDITOR, The Tribune.
AS ONE of the PLP Stalwart Council members who constantly
criticised Council member Audley.D Hanna due to his resistance
to the party's selection of the South Beach candidate Wallace
Rolle during the May 2,2007 election. I have now begun to under-
stand Audley's objections. Audley, a well known, respected, 30-
years plus resident, a registered voter in South Beach Constituen-
cy and a former senator should have received more respect than we
gave for his contributions concerning who should have got the
nod as the candidate for South Beach. Due to our inconsideration
we have only ourselves to blame for losing the South Beach seat.
Be that as it may, since tlie election all of the candidates, win, lose
or draw, especially Hope Strachan who showed interest and had
actually started campaigning in the South Beach. constituency but
was given little over a month to run in the Sea Breeze constituen-
cy and almost won, runs a daily ad on ZNS thanking her support-
ers for their vote. Her headquarters is still open and she is having
a thank you party Saturday, June 9.
Wallace Rolle, on the other hand, closed his headquarters from
May 2 and like the song says "we can't find Wallace Rolle in
town" or should I say in South Beach, his campaign headquarters
is closed so no one is answering the phone. Wallace Rolle never
looked back to give us the encouragement for the support we gave
him. As the saying goes there is always a next time but he would, not
be getting my vote. My hope is that we would pay more attention
to those who actually live in each constituency instead of those who
have their own agenda. Audley keep on keeping as some of us will
now listen.
Thank you a PLP Stalwart Councillor, resident and voter of
South Beach.
June 7, 2007.

289 Market St South P.O. Box N-7984 Nassau, Bahamas

"Prayer does not need proof,
it needs practice."
7:00am, 9:00am, 11:15am
Marriage Officer, Counsellor, Intercessor
Phone: 323-6452 393-5798
Fax: 326-4488/394-4819




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Let us stand up

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mI -i ObUtNC-

THE TRIBUNE t__ -_ ^^ -^ -^ -^^ --- -- -^_ -^_JULY I,

OIn brief

Man facing
charge is
granted bail
A 40-YEAR-OLD Bellot
Road man accused of being
found in possession of nearly
$29,000 worth of marijuana
last week was granted $30,000
bail yesterday.
Wade Edward Sands was
arraigned before Magistrate
Carolita Bethel on Monday,
charged with possession of
marijuana with the intent to
supply to another.
* It is alleged that Sands was
found in possession of the
drugs on Saturday July 7.
Sands has pleaded not
guilty to the charge.

Police make
arrest after

Bahama Police detained a
man after allegedly retriev-
ing a loaded firearm from a
parked vehicle at the Gerald
A Bartlett Police Headquar-
ters Building on Monday.
The seizure occurred around
noon, when Drug Enforce-
ment Unit officers conducted a
search of a gold Buick Centu-
ry in the parking lot.
Chief Superintendent of
Police Basil Rahming said
that as a result of informa-
tion received, officers
searched the vehicle.
A black Sig Sauer 9mm
semi-automatic pistol loaded
with 15 live rounds of 9mm
ammunition was discovered
and seized by officers.
'* Mr Rahming said a 22-
year-old resident of Coral
Reef Estates was taken into
Acting on information,
" DEU officers proceeded to
Peridot Place, Coral Gardens,
around 1.10pm on Tuesday
. and apprehended a 21-year-
old man and collected four
packages of marijuana weigh-
in, g six ounces, albng with 20
grams of cocaine.

Tribune Staff Reporter
THE police investigation into
allegations of corruption in the
Ministry of Housing has yet to
uncover anything "substantial"
the commissioner of police said.
While stating that the inves-
tigation is still ongoing, with
enquiries "still being made",
Commissioner Paul Farquhar-
son said that not enough evi-
dence has been found to bring
charges against any individual.
"You can't charge people
without evidence, and people
will make a statement to the
press but they may not tell the
police, and even if they tell the
police that may not be evi-
dence," he said.
"I think a number of inquires
that are being made have not
turned out to be enough evi-
dence to charge someone to
date other wise we would
have someone in court," he
Mr Farquharson's statement
on the matter comes after
numerous inquiries made by
The Tribune as to the status of
the investigation, launched last
November after several reports
appeared in this newspaper of
allegations made against min-
istry officials by contractors, as
well as relating discrepancies
found in ministry documents
and ministry responses to those
findings and allegations.
It also follows speculation by
several commentators this year
that the investigation may have
been held up for political rea-
Commissioner Farquharson
announced yesterday that assis-
tant commissioner Christopher
McCoy has now taken over
from Chief Supt Keith Bell in

It is now eight months Since a series of Tribune articles

sparked a police investigation into allegations of corruption

at the Ministry of Housing. Yesterday Commissioner Paul

Farquharson gave an update on the state of the inquiry so far.


* COMMISSIONER Paul Farquharson

heading the matter.
The Tribune's investigation
into allegations of corruption in
the Ministry of Housing began
last year when it was claimed
that certain contractors were
being awarded an unfair num-
ber of contracts based on factors
other than quality of work or
value for public money spent.
It was alleged that certain
contractors got special treat-
ment in the allotment of lucra-
tive contracts because of their
relationship with particular per-
sons in the government an
arrangement which may or may
not have included bribes.
Once housing records-were




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Abaco Beach Resort & Boat Harbour
Allied Caribbean Ltd.
Anthony's Caribbean Grill
Audio Concepts
Bahamas Bus & Truck
Bahamas Ferries
Bahamas Food Services
Boone Bait Co.
Bombardier Recreational Products
Bristol Wines & Spirits
Brown's Boat Basin
Callenders & Co.
Caribbean Beverage Ltd.
Comfort Suites Paradise Island
Crown Jewelers
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Harbourside Marine Ltd.
Kentucky Fried Chicken
King & Co.
Lightbourne Marine Ltd.
Magic Photo
Master Technicians Ltd,
Montagu Gardens Restaurant

Nautilus Water
Phoenix Aviation / Million Air
Purity Bakery / Bacardi Rum Cakes
Prime Bahamas Ltd.
Rocky Farms Nursery
Royal Bank of Canada Commercial
Banking Centre
Salty Dog Rod & Reel Repair
Sandals Royal Bahamian
Sun Tee Mfg. Co. Ltd.
Super Club Breezes
Super Value Food Stores
Thompson Trading Co. Ltd.
Thriller Power Boat Tours Ltd.
Mr. & Mrs. Donald Tomlinson
Tropical Shipping

obtained as part of this news-
paper's investigation, a number
of other peculiarities came to
light. One of these was the
$5,000 discrepancy between the
cost of construction and the sell-
ing price.
Another, seemingly separate,
matter concerns allegations that
certain individuals were extort-
ing money from contractors
throughout the building process
on low-cost homes since at least
It was claimed by one con-
tractor that this could amount to
as much as $4,000 being paid
out in bribes per house. The
ministry officials allegedly

involved in extracting this mon-
ey were said to be persons in a
position to make certain con-
tractors who pay up get the
lion's share of future govern-
ment housing contracts.
Another claim was that con-
tractors were asked to carry out
additional work, budgeted for
by the ministry, for which they
were not compensated.
The former housing minister,
Neville Wisdom, who took over
from Shane Gibson last year,
after Mr Gibson had spent four
years at the post, said the rea-
sons some contractors get mbre
jobs from the ministry than oth-
ers, is that they do better quali-
ty work and can get better
However, contractors refut-
ed this, pointing out that all the
contractors on the ministry's
approved list have been vetted
for work quality and have
approved lending status.
The ministry's director of
technical services, Gordon
Major, admitted that there is
no bidding process for some
housing models suggesting
that ministry officials are free
to choose whichever contrac-
tors they wish.
This seemed to have been
backed up by Mr Wisdom him-
self in a message unintention-
ally left on The Tribune's voice-
mail in which he said of a
reporter, "he thinks you can put
those houses up to bid."
His permanent secretary,
Leila Greene, responded: "Any-
body with any sense would
know that you can't put all
them 80 houses up to bid."
While not connected to any
allegations of wrong-doing, still ,

another discrepancy came to
light when reporter Mark
Humes visited the ministry in
After asking Mr Major what
happened to the customary
retention fee in cases where a
second contractor had to be
brought into repair or finish the
work of the first builder on a
project, Mr Humes received two
different responses, from Mr
Major and Mr Wisdom, with Mr
Major claiming it went to the
original contractor, and Mr Wis-
dom denying absolutely that the
money would go to that indi-
vidual. ,
All these anomalies are
alleged to have resulted in an
unfair and unnecessary finan-
cial burden on small contrac-
tors and less affluent home buy-
ers some of whom have
entered into 25 year mortgage
Contractors claimed corrup-
tion has also had a negative
effect on the quality of housing
which is sold to low income
families who, in many cases,
have been waiting more than a
decade to own their own home.
Yesterday, commissioner Far-
quharson said that he will await
a report from those in charge
of the investigation before
revealing the outcome of the
investigation to the public,
whom he said were "entitled to
know" the findings of the probe.


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Police yet to find'substantial'

evidence in housing probe


I-MIUAY, JULY I10, UU/, I-/At b



National Youth


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Fi '"
* ;' ;"- t ,'".
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PAGE 6, FRIDAY, JULY 13, 2007


Woman demands action after load

from truck damages her vehicle

AN angry woman is calling
for a truck driver to cbme for-
ward and identify himself after
his vehicle dropped a large rock
on her car causing expensive
damage and threatening her
The female motorist was dri-
ving along West Bay Street,
near Arawak Cay early Thurs-
day afternoon, when a "big, red
truck" over filled with rocks
sped past.
According to the woman,
who asked for her name to be
withheld, a rock fell off of the
truck as the driver "flew past"
her. "I'm driving along West
Bay and this truck passes me
and this rock comes flying off
his truck and smashes [the
windshield] and puts a nice, big
thing in my windscreen," she
told The Tribune.
Luckily the motorist, who
because of her profession as a
realtor spends a lot of time on
the road, was able to maintain
her composure and did not
receive any injury.
Due to the speed at which the
driver of the truck was travel-
ling, she said, she was not able to
record the licence plate number.
She contends that a golf-ball
sized crack is now evident in
her windshield, with "spider
cracks spreading" in the glass.
"Now I'm going to have to
either pay for this [damage],
and it's probably going to cost
me $800, or use my insurance
- and that costs you to lose your

FIVE member Bahamian
delegation participated in first-
ever Conference of the Ameri-
cas earlier this month.
The conference was held
under the theme, "Advancing
the cause of social justice in the
Americas" on July 9-10 in
Arlington, Virginia.
In attendance were 150
regional-based organizations and
100 US based groups represent-
ing voluntary organizations, non-
governmental organizations, the
private sector and foundations.
The aim was to discuss and
highlight the efforts between
the United States and its neigh-
bors to better the lives of the
region's citizens.
The conference focused on
sharing lessons learned on how
to promote education, health-
care and economic opportunity
.at the grassroots level and pub-
lic-private partnerships through-

deductible." she stated.
Following the incident, she
complained to an officer at the
traffic division of the Royal
Bahamas Police Force, who

out the hemisphere.
The U S Embassy in Nassau
co-sponsored the Bahamian del-
egation that included, Dr San-
dra Dean-Patterson, director of
the Crisis Center; Jeffrey Lloyd,
co-ordinator of the YEAST Pro-
gramme; Rick Lowe, president
of the Nassau Institute; Camille
Barnett, president of the
Bahamas AIDS Foundation, and
Pastor Clint Kemp of the New
Providence Community Centre.
Conference speakers includ-
ed U S President George Bush
and U S Secretary of State,
Condoleezza Rice.
President Bush highlighted
US engagement and discussed
more effective ways to deliver
aid and strengthen civil society
in the Americas. The partici-
pants were also hosted to a lun-
cheon held in their. honour by
the president and the First Lady
Laura Bush.

instructed her to file an incident
report at the Cable Beach
Police Station.
She is'now asking for the dri-
ver of the truck to come for-

* THE crack in the windshield of a motorist after a rock flew out
of an overfilled and speeding truck, striking her vehicle.
(Photo: Tim Clarke/Tribune staff)

Rick Lowe, a member of the
Bahamas' delegation, observed
in the opening remarks by Pres-
ident Bush that the U S is com-
mitted to helping nations in
Western Hemisphere realise
their potential ,to become
healthy, educated and prosper-
ous through trade, open and
transparent governments that
are free of corruption, adding
that his comments resonated
well throughout the 'conference.
U S Charge d'Affaires, Dr D
Brent Hardt, noted that the
embassy was pleased to assist
with the funding for the confer-
ence participants.
He stated that the Bahamian
participants play a major role in
transformational power as they
are the ones who help to
strengthen their communities,
care for their neighbors and
serve as conduits of a positive
force for change in the Bahamas.

ward, a:d the company respon-
sible to pay for the damage to

her car. "Somebody has to be
accountable.," she said. "I'mi

complaining here and hopefully
someone will listen."



61st WeddingAnnivea& p 8

Birthdayt eiDi

Isaac and Rev Rolsileta Davis
Congotown, South Andros
Psalm 121 v 5
"The Lord himself watches over you: The Lord stands beside you as your
protective shade."
Children: Jacqueline Bain, Clifford, Jerome and James Davis, Leona Davis,
Nettie Major, Yvonne Culmer and Sherlene Davis; 27 grandchildren, 23 great
Numerous nieces and nephews including George Burrows, Cynthia Holmes,
Barbara Maduro, Retha Boone, Dora Mooten and Phyliss Black, Jennie Knowles,
Gwen Bain, Vera Chase, Cynthia Gibson, Dave Bastian, Janice Miller, Larry
and Esta Washington and Magdeline Funderburk, Rosina Bain
Numerous family and special friends including Bishop Sam Greene and Church
family, Rev. Peter Pinder and Church Family-Freeport, Rev. & Mrs. Albert
Campbell, Sis Barbara Smith, Sis. Beth Stewart, His Excellency A.D. & Mrs.
Rev. Glendina Knowles and family, Rev. & Mrs. Samuel Duvalier, Bishop James
Pratt, Rev. Rosenell Forbes, Rev. Harry Davis and family, Sis Ella Johnson
and family, Sis Alfreda Ferguson-Freeport, Lady Marguerite Pindling, Maxine
Bolden, Clarita Lockhart, Judy Munroe, The Jackson, King, Russell and
Schimpf families, Rev. Geoffrey Wood and Temple Baptist Church, Rev. Morrison
and Zion Baptist Church family and St. Matthew's Baptist and Rev. Denrick
Rolle and St. Barnabas Anglican Church families and the entire Community
of South Andros.






Bahamians go to Virginia for first

Conference of the Americas


FRIDAY, JULY 13, 2007, PAGE 7


- J


Bank of the Bahamas

contest featured in

architectural magazine

I ll iL '. Issu of a leadintL
mila/mIe )Or1 arlchilctl, desi.!n-
'I a ild 'ii ii Lers lteal t es a 11)-

page spread on Bank of the
Bahamas international's design
competitionn lor corporate lihead-


Rev. Dr. jarth V. Greene, retiredSr.

Deputy Comptroller of Customs and
his family, extend their appreciation

and thankS to

the many friend,

supporters and patrons for


support of his recent thanksgiving
service and appreciation banquet held
commemorating his retirement after
45 years of exemplary public service.

qLialiteis ii \\ cs L .;i\ Mieei
I lhis i bi[iiiii s 'inl dcIi tI king
di e\, inllilit Illh iti l ,II i.uC o Ililli n i
Atnd in\ olc(.d l i ( top nlhC
a ichitl cts it' lL u I .i
I he 'conipl! i it I tlJ e iIC.'I
inumIerLoi Lu ll ILa s "u i '!he Dunalk s,
ibulildin ) re iint li. |',n. .
pim king and a a i tflii11 i iI uI CLIMisu
on licurly six acl:s ol plillu e
downtown pt)rof'c, i.tI tIx to
INissau StlICCt.
Ai-coc(iiig'LOi iit dZiicmi/ie pub-
lihhci (i.utav o NMlo(d, \ho
',eiC N id i'.s OiL OlI the ul-ldges in
thie cuomiifptlilli., it is lthe list
lime1 a biiitiiiaiihn bank has been
ilin dd-l-d i l th e i o\ 'sizN cd gll,-1 ss1 V
colfee taIl)I q.attli\' AiLlui\Vo' tie
ArALuiteIctuI Anillana.I

Part ol the article is in Span-
ishl. part English. I'he winning
design of Michael .1 Moss of the
Architectural Studio was dis-
plhi ed over three pages and
Alexiou & Associates' second
and third place designs were
also featured.
SThe quality of the publica-
tion is truly world-class and we
are honoured to be featured,
especially with such a large
spread," said bank managing
director Paul McWeeney. "We
had the opportunity to meet
wiih the publisher when he was
here as a judge. When he said
he would like to include the
competition in his next issue,
we were pleased, but we were
so surprised when we saw the
space devoted to our project,

* BANK of the Bahamas International managing director Paul
McWeeney holds a copy of a leading magazine for architects
featuring a 10-page spread on the bank's design competition for
its new headquarters on nearly six acres of prime property on
Bay Street.

particularly in a magazine that is
a standard-bearer for the archi-
tectural industry in the Span-
ish-speaking Caribbean."
A native of the Dominican
,Republic, Mor6 is a prominent
Caribbean architect as well as
"We are very pleased to fea-
ture Mr McWeeney and Bank
of the Bahamas International,"
said Mor6. "This is the first time
we've featured a Bahamian

bank but it certainly will not be
the last."
AAA027 is a Spanish-Eng-
lish magazine which publishes
.three issues annually. It is dis-
tributed in France, Spain,
Argentina, Columbia, Domini-
can Republic, Puerto Rico,
Venezuela, Mexico, and
Trinidad and Tobago and in
major US cities including New
York, Chicago, Los Angeles
and Miami.

Young leaders' achievements recognized

THE Ministry of Education,
Youth, Sports and Culture held
its Recognition Ceremony for
S "' the High School Leadership
Programme at Government
S House recently.
The programme was designed to
help outstanding young leaders
formulate creative ways to use
' their talents and intellect to
maximise their ability to become
more productive in their schools
and communities.
This developing programme
caters to the head boys and girls,
deputy head boys and girls, and
student council presidents of all
senior high schools in New
The students met bi-weekly to
combine ideas, pool resources, and
network with each other and
professional members of the public.
The students are pictured above
with Governor General Arthur D
Hanna (centre).
(BIS photo: Kris Ingraham).

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Spend the summer with the Bahamas' leading neWvs and information source.
Read along with us itf:
m 1 iw-iw -i '

[ he



* Is)

'ribbune s

fir9 Serie
for Kids" 2.007

The Best

in the

Written by Marc Talbert
Illustrated by Betsy James

The Great Idea

'' ross!" Nick made a face.
"How many worms did he
"Sixty-two," answered his best friend
Clay. "In thirty seconds. He didn't chew.
See?" Nick leaned from where he sat on
the porch steps to see better. Clay pulled
the book away, not wanting Nick too
close. Clay hated sharing anything but
"Where do they get that stuff!" Nick
said, unable to look any longer.
Clay grinned. "If you thought that was
gross. ." He flipped carefully through
The Guinness Book of Records.
Nick eyed the book, feeling perturbed.
Clay hadn't let him touch it yet. Clay
even showed him the pictures too quick-
ly, as if a look from Nick's eyes would
smudge the pages. Nick wanted to look at
it on his own, take his time to see if there
was anything besides the gross stuff Clay
had been showing him. When he'd asked,
Clay had said, "No way! I don't want
your nose-picking hands on my book!"
"Here!" Clay said. "Get a load of these
Pretending he didn't care, Nick stole a
glance. The man looked as if he were
clutching ribbons he'd ripped off some
presents. "That's not gross. That's weird.
How does he sleep?"
Clay shrugged and set the book on his
thigh. "How does he scratch when he
itches? Search me. But neat stuff, huh?"
"I don't know." Nick eyed the book. It
wouldn't be hard to grab. "Ever want to
be in that book?"-as the world's worst
best friend? he added to himself. Or the
"Sure. Once I did the most humon-
gous burp in the world."
Nick snorted. "And my belly button
whistles when I cough." He slid his hand
toward Clay's leg, pretending to scratch
his own kneecap.
"No, really! And yesterday I sneezed
twelve times in a row. I bet that's a
record." Clay's look dared Nick to dis-
Nick couldn't stand it any longer. He
grabbed and ran.
"Hey!" Clay screamed. "Give that
"Who's gonna make me?" Nick shout-
ed. ."Your grandmother?"
Nick ran around the house, aiming for
some lilac bushes where he could hide
and take his sweet time looking at the

He didn't count on his little sister's red
wagon blocking the way. "E-e-e-iii!" he
yelled, jumping.
It all happened very fast.
He shoved the wagon's cocked handle
away as his right leg shot forward. His
smile seemed to lift him higher. "Yeah!"
he breathed as he started descending.
Then he heard a crash.
"Ow!" Clay yelled.
Nick couldn't help looking behind him.
The book flew from his hand. He lunged
for it and twisted in the air. The grass
reared up like a snapped blanket. Nick
landed flat on his back, knocking the wind
from him. The book lay beyond his hand.
He heard an "O-oof!" on his other side
and turned to see Clay's feet thumping the
ground near his head.
Nick tried to sit but couldn't. He tried
to breathe, but his throat felt like a straw
collapsed from sucking too hard.
Desperate now, and gasping for breath.
Nick struggled once more to sit. Clay
moaned as he pulled himself onto his
hands and knees and wobbled toward the

With a tremendous gi unt. Nick reared
up and threw himself toward the book,
blocking Clay.
Just as Nick was about to snag the
book, Clay grabbed one of his feet. He
yanked, pulling Nick backwards.
Nick tried kicking, but Clay glommed
on to his other foot. Nick felt as helpless
as a worm on a wet sidewalk.
N ick went limp and groaned. "All
I want to do is look at it." A
wave of anger washed over him. "You've
been a real creep about this book. And
you know what? It's not so great. It's just
about lot of losers doing lame things.
And they're mostly adults. A-number-
one dolts? Get it'?"
"Oh yeah?" Clay said. He tightened his
grip on Nick's feet.
"Yeah. How about the man who's tat-
tooed everywhere except between his
toes. Gimme a break! Or the woman
who paid six million dollars for a wed-
ding dress. Come on! We could write a
more interesting book than thai!"

"More interesting than the fattest mod-
el in the world?"
Nick winced, picturing her. "Definite-
ly. Let go and I'll give you back your
stupid book. Cross my heart . ."
Clay let go and they both sat up. Nick
reached for the book and, holding it as if
it were disgusting, handed it to tlay.
Clay checked it for damage. Satisfied,
he said, "You know what? You're right.
We should write our own book."
Nick nodded. "And make all the
records in our book belong to us.
Clay grinned. "Hey! That's a great
idea!" He stood on shaky legs. "What
record should we try for first?"

(To be continued.)

Text copyright 2001 Marc Talbert
Illustrations copyright 2001 Betsy
Reprinted by permission of Breakfast
Serials, Inc.


FRIDAY, JULY 13, 2007, PAGE 9

B ~ sa~ -:

PAGE 10, FRIDAY, JULY 13, 2007

'. /


$805,000 expected from US to

aid increase in coun

s securi

ing spare parts, training, opera-
tional and maintenance support,
and communications equipment;
$225,000 to help in the develop-
ment of a "more professional and
efficient security force" by pro-
viding Bahamian military per-
sonnel courses in basic military
and maritime training and atten-'
dance at the Naval Staff College,
and $500,00 for operational sup-
port, training and equipment for
Bahamian drug enforcement

awn dW&MaO44m Siad

11-A East Coral Road, P.O. Box F42312
Freeport, Grand Bahama, Bahamas .
Tel: (242) 373-1471 Fax: (242) 373-3005
Page 340-8043

Robinson and Soldier Roads, Nassau, N.P., Bahamas
P.O.Box CB-12072
Telephone: (242) 394-8043 / (242) 394-8047
Pagers: 340-8043 / 340-4424 / 340-8034 Fax: (242) 340-8034



of Jane Street will be
held on Monday, July
16t", 2007 at 11:30 a.
m. at Calvary Bible
Church, Collins
Avenue. Officiating
will be Pastor Allen Lee.
Interment will follow
in Woodlawn Gardens,
Soldier Road.

She is survived by her Parents: Gareth and Toni,
Two Brothers: Gareth Jr. and Kallander, Grand
Parents: Ms. Maxine Callender and Mr. and Mrs.
Basil Lewis, Great Grand Parent: Mildred Black,
Aunts: Rosetta Haven, Carolyn Black, Sandra
Bethel, Donna, Michelle, Suzie Lewis and Angela
Blatch, Deborah Pratt, Diana Brooks, Francis Horton,
Stephanie and Marsha Black, Lana Ross, Angela
Blatch, Theresa Coakley, Hilda Etienne, Eulah Toler,
Dorothy Grant, Helen Foulkes, Wally Bullard,
Bernadette Hepburn, Rosebud Knowles, Cassandra,
Shantell and Helena Callander, Uncles: Basil Lewis,
Torrence Blatch, Sonny H enCff, 1frederick'Black,
Stephen Johnson, Michael Brooks, Basil Lewis,
Julius and David Foulkes, Clifford Barton, Edward
and Bernard Callander, Greg Bethel, and numerous
other Relatives and Friends including: Denise,
Brian, Brinesha and Brian Jr. Foulkes, Father I.
Ranfurly Brown, Nathan Lewis, Darren and D'Andra
Bethel, Donavan Gibson, Trevor Saunders, Scarlett
Black, Andrea Moss and Family, Sharlene, Stan and
Sabria Smith, Teddy Woods, Thelma Fernander,'
Torren Blatch, Michelle Blackstock, Wendy Foulkes,
Evangeline Jackson, Mr. and Mrs. Michael Jackson,
Nancy Waller, Virginia Ettienne and Family, Gertrude
Ford, Avanell Whyms, and Fredricka Munroe.

Viewing will be held in the "Serenity Suite" at
Restview Memorial Mortuary & Crematorium Ltd.,
Robinson and Soldier Roads, on Saturday from
10:00 a. m. until 6:00 p. m. and then again at the
church on Monday from 12:30 p. m. until service

Chief Relorter
THE Bahamas is expected to
receive $805,000 this fiscal year
from the US to aid in increasing
the country's security and for its
fight against drugs and illegal
In this year's cycle the
Bahamas will receive $80,000 to
fund the Bahamas' maritime
interdiction capability by provid-

FROM page one

MP Keod Smith, former Senator
Paulette Zonicle, senior PLP Ken
Dorsett, former chairman Ron
Rolle and possibly former
Marathon MP Ron Pinder.
Mrs Hanna-Martin, a former
Cabinet Minister and MP for
Englerston, on Wednesday offi-
cially announced that she will be
seeking the party's chairmanship.
Some observers noted that this
could be the beginning of the
PLP's restructuring process, while
others were baffled by the move,
considering it a "step back" for
Mrs Hanna-Martin.
Speaking yesterday with The
Tribune on the matter, the PLP's
current chairman Raynard Rig-
by said he has not yet made a
decision whether he will make a
renewed bid for the position, but
noted that the leadership that

operations and inyestigatiins. multi-age
According to the US Depart- effort tl
ment of State We sit(y4here is amount c
also a request for $200,i00 to be the US th
given for nonprolifit aion, anti- Bahamas
terrorism, de-miningi grammes in the 198
in the Bahamas. today.
The document, wh l outlines Prograi
the Congressional Bu et Justifi- erate in rr
cation for Foreign Opations for ed drug tr
the Bahamas for this cal year, ly under.
says that the United States' inter- operation
est in maintaining a stable part- diction of
nership with the Bahamas is due specific i
to its proximity to its borders, the drugs anc
Bahamas being a major destina- are linked
tion for US visitors, and the helps disr
prominent role it plays in region- In 20C
al organizations such as CARI- Bahamas
COM. 4,000 ille
The US' priorities in the tionalNai
Bahamas include ensuring the Enforcem
safety and security of approxi- provides
mately 30,000 US permanent res- training
idents and more than 4,000,000 Bahamia
annual American visitors block- operation
ing the movement of illicit drugs INCLE
and illegal migrants through the go-fast int
Bahamas, combat international to the B.
financial crime; and encourage tributes tc
the Bahamas' constructive lead- OPBAT
ership role in promoting democ- Bahamas
racy, stability, free trade, and eco- tive and p
nomic prosperity in the the effect
Caribbean region. government
The Bahamas has expressed cotics trail
willingness to cooperate on sev- These*
eral programmes promising support t:
greater security to the United to assist
States, including the Container money-l
Security'Initiative, Megaports, financing
and the Proliferation Security Ini- crimes.
tiative. Foreig
The Bahamas, the Turks and (FMF) fu
Caicos Islands, and the United time inte
States are partners in "Operation providing
Bahamas and Turks and Caicos operation;
(OPBAT)," an international, port, and

FROM page one

usage these machines are getting, most of
them are rapidly approaching their end," he
Mr Andersen said that with the remaining
nine machines, the best strategy will be to
examine the number of hours used and phase.
in replacements so that it is not again neces-
sary to replace all of the machines at once,
which can be a very costly undertaking.
Renal Dynamics LLC has three full-time
technicians who service dialysis units in .the
more than 20 countries with which the com-
pany works in this region.
These technicians, Mr Andersen explained,
will be responsible for the quarterly and annu-

ment and by improving infra-
The Royal Bahamas Defence
Force will receive individual and
unit equipment, weapons, ammu-
nition, and training so that it can
fully support enhanced interdic-
tion and better control its bor-
ders. International Military Edu-
cation and Training (IMET) will
help develop a more professional
and efficient security force by

providing Bahamian military per-
sonnel courses in basic military
and maritime training and
attendance at the Naval Staff Col-
The Bahamas is also eligible
this year to receive Excess
Defence Articles (EDA) on a
grant basis to promote counter
drug efforts, maritime support,
inter-operability, and moderniza-
tion of equipment.


ency drug interdiction
iat has reduced the
of cocaine destined for
iat passes through The
from nearly 80 per cent
80's to under 10 percent
nmme participants coop-
iissions against suspect-
raffickers and frequent-
ake search and seizure
ns. Although the inter-
illegal migrants is not a
mandate of OPBAT,
d illegal migrants often
, and therefore OPBAT
upt migrant trafficking.
05, the US and The
interdicted more than
egal migrants. Interna-
rcotics Control and Law
lent (INCLE) funding
operational support,
and equipment for
an drug enforcement
.s and investigations.
funding also supports
erceptor boats provided
ahamian police, con-
a the operation of three
facilities in The
, and supports legisla-
olicy reform to enhance
veness of the Bahamian
ent in combating nar-
funds will continue to
raining and workshops
The Bahamas combat
laundering, terrorism
g, and other financial
n Military Financing
rnds will improve mar-
erdiction capability by
g spare parts, training,
al and maintenance sup-
communicationis equip-

Dialysis machines

al maintenance of the machines; while local
technicians trained by Renal Dynamics LLC
will handle day-to-day repairs and mainte-
nance work.
The machines are the next generation Fre-
senius model that is an upgraded version of
what the hospital currently uses. According to
Mr Andersen, much of the engineering is sim-
ilar, but these new machines are more user
friendly and overall, he said, they are the "best
quality machine out there on the market."
Mr Andersen also commended the
fundraising effort that secured these new
machines for the many Bahamians in need.

comes out of the convention has a
"herculean task" to perform. -
"I'm still in the process of
assessing all of this. I really
haven't made up my mind what
I'm going to do, but at the right
time I will certainly let the public
know," he said.
Mr Rigby said that when it
comes to administrative positions
within the PLP, he hopes that his
party will continue to make a
clear distinction between the
responsibilities and obligations of
PLP parliamentarians and those
who hold party positions..
"The PLP, as of 2002, under-
stood the importance of a sepa-
ration between the work of the
party and the work of the parlia-
"I hope we will not turn back

on that general basic principle,
which in my view makes good
sense for the future survivability
of the PLP," he said.
Mr Rigby yesterday said that
those seeking positions in the par-
ty first have to understand what is
necessary for the future survival
and success of the PLP.
"That's why it's important for
persons to understand that when
they vie for office, that they vie to
serve unselfishlessly," he said.
The party chairman said that
he is "one of those PLPs that
believe that democracy must be
alive and well in political organi-
"Political organizations are
only as good as its members'
(recognition) of their obligations
to the party and the country. It's
not about being selfish, it's not
about self-promotion, it's really
about higher calling. It's whether
you have the skills, whether you

"It's never been done in our territory," he
"In our tenure in dialysis, which is well
over 15 years in the territory, we have never
seen the success of a fundraising campaign
on this level anywhere, and especially in such
a short period of time," he said.
Additionally, Mr Andersen told The Tri-
bune that machines can be used for all age
groups; including young children.
Mark Roberts of The Tile King launched
the drive, as machines in the unit were often -
off-line, with patients' care being compro-
mised as a result.
The fund has now been closed, and orga-
nizers have expressed tfieir gratitude for the'
overwhelming support demonstrated by all
those who gave.

have the vision, whether you have
the know-how to cause people to, .
recognize that they ought to be
supporting this political organi-
sation," he said.
During the PLP's last national
convention in 2005, Mount Mori- -
ah MP Mr Smith declared that
he was running against Mr Rigby
for the chairmanship.
He received a nomination, but
"later withdrew to support Mr Rig-
The PLP in a press release
announcing Mrs Hanna-Martin's
bid, stated that it is believed that
Mr Rigby will step down after
five years as the chairman "to
pursue other areas of service
within the party."
Although a number of names
are currently floating around, tra-
ditionally most contenders will .
not officially declare that they are *
seeking party positions until con-
vention time.



Allegations that non-citizens

may have used search cards
FROM page one
citizenship, such as a driver's licence, to register.
Therefore, if non-citizens are able to register once, they become per-
manent parts of the national register unless their citizenship is officially
Jeff Lloyd had on his talk-show Real Talk Live just after the election,
a man only identified as 'Sharlo' who by his own admission is not a cit-
izen, and claims to have voted in the 1997 and 2002 elections. He told
Mr Lloyd that the only reason he did not vote in this election was
because he was unhappy with both party's policies on immigration.
The man further claimed that he initially registered with a school
identification, and when asked if he was Bahamian, he answered
With the Parliamentary Registrar Errol Bethel on leave, The Tri-
bune contacted the Deputy Permanent Secretary in the department,
Sherlyn Hall, to discuss these search card claims. However, Mr Hall had
"no comment" on the story.
Although not blaming Mr Bethel for any possible irregularities in the
election, PLP Senate Leader Allyson Maynard-Gibson, told The Tri-
bune in late June:
"The law makes if very clear that the Parliamentary Commissioner
is in charge."
These latest claims bring the national voter registry further into
question, and may force officials eventually to scrap the list, mandat-
ing that all Bahamians register with passports at all times.
Calls placed to the registrar general's department were not returned

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Panama City
PANAMA'S legislature rati-
fied a free trade agreement with
the United States on Wednes-
day amid protests by hundreds
of leftists and farmers opposed
to the deal, according to Asso-
ciated Press.
The National Assembly's
approval of the pact by an over-
whelming 58-3 margin, with one
abstention, comes two weeks
after it was signed by both gov-
ernments in Washington. The
agreement must still be ratified
by the Democrat-controlled US
"The treaty is a positive step
for Panama to become an impor-
tant exporter," said lawmaker
Pedro Miguel Gonzales of the rul-
ing Democratic Revolution Party.
In Washington, US Trade
Representative Susan Schwab
applauded the agreement's
"This swift action taken by
Panama means that they have
fully accepted the provisions of,
the May 10 Bipartisan Trade
Agreement," Schwab said in a
news release.
On May 10, US lawmakers
forged new trade policy guide-
lines that require free trade
agreement countries be com-
mitted to adopting and enforc-
ing laws that abide by basic
international labour standards.
Opponents of the free trade
treaty, including farmers and
unions, say Panamanian pro-

THE World Trade Organiza-
tion will once again investigate
the European Union's import
rules for bananas, trade officials
said Thursday, according to
Associated Press.
The move reviving one of the
longest-running disputes within
the WTO was requested by the
United States, which claims that
the EU's banana regime favors
producers from African and
Caribbean countries over
exporters from the US and
Latin America in contravention
of global trade rules.
The WTO has consistently
ruled against how the EU sets
tariffs for the fruit, forcing the
27-nation bloc to overhaul a sys-
tem that grants preferential con-

A RAVENOUS, island-hop-
ping pest has been discovered for
the first time in Jamaica, an agri-
culture official said Wednesday,
according to Associated Press.
The pink hibiscus mealybug,
which has destroyed crops and
ornamental plants throughout
the Caribbean, was recently
detected in an five-mile section of
rural Portland parish, according

ducers cannot compete with
their US counterparts.
"This accord is a disaster for
products and it benefits
the oligarchy," said Enrique
Athanasiadis, leader of the
National Agricultural Organi-
About 400 protesters gath-
ered outside Panama's legisla-
ture but left without incident
after a couple of hours.
A majority of US Democrats

editions mainly to former British
and French colonies.
Latin American producers
and banana companies based in
the United States have long
complained about the prefer-
ences. The US, in 1999, and
Ecuador a year later both won
the right to impose trade sanc-
tions on European goods after
the Geneva-based trade referee
found the EU's rules to be ille-
The WTO will now convene
a compliance panel to decide
whether Brussels has imple-
mented this ruling, after the EU
blocked a first request for the
panel's establishment.
The rules are already being
investigated because of a simi-
lar request by Ecuador in
March. Colombia has since ini-

to Timon Williamson, a senior
research director with the Min-
istry of Agriculture and Lands.
"It hasn't spread outside of
this small area. But we need to
get it under control quickly to
prevent a potentially damaging
impact," Williamson said.
He said Jamaican agriculture
authorities plan to release thou-
sands of tiny parasitic wasps to
eradicate the pests after com-
pleting negotiations with the US
Department of Agriculture,

have opposed most bilateral
free trade agreements in recent
years, contending the deals
negotiated by the Bush admin-
istration are weak in requiring
trading partners to address such
issues as child labor, workplace
discrimination and environ-
mental degradation.
Panamanian President Martin
Torrijos has said the Central
American country will not have
any problems meeting the new

tiated its own complaint against
Brussels' tariffs. Jamaica,
Cameroon, Panama, Nicaragfa,
Japan, Dominican Republic,
Brazil and Dominica have also
asked to be consulted in the
US trade officials said they
delayed requesting the panel in
the hope of reaching a negoti-
ated settlement with the Euro-
EU officials said they regret-
ted that the panel had been set
up and questioned whether the
United States had an interest
in the case considering it does
not produce or export bananas
A deal in 2001 gave the EU
five years to comply with WTO
rulings. Brussels says a new
banana tariff established last

which raises the parasites in labs.
The tiny wasps, which are
almost invisible to the naked
eye and pose no threat to
humans, lay eggs inside mealy-
bugs. Once hatched, the larvae
feed on the pest internally, caus-
ing it to die.
Mealybugs, which feed on the
sap, roots and leaves of plants,
have destroyed millions of dol-
lars in crops and ornamental
plants across the Caribbean since
they were first reported in 1994.

Bilateral trad(i between the
United Statns and Panama
totaled US5Z.1 .billion in 2003.
including U' 8 billion in US
exports. Aln o' half Panama's
imports con-c :om the United
States, and ^ foreign invest-
ment in Pant a totals roughly
US$25 billion
Most of Pflama's exports to
the United States already enter
the country without duties

* DEMONSTRATORS protest against the free trade agreement with the United States in front of
the National Congress in Panama City on Wednesday
(AP Photo/Arnulfo Franco)

year US$234 per ton has
brought its banana rules into

under other programmes such
as the Caribbean Basin Initia-

tive or the Generalized System
of Preferences.

Funeral Announcement for

Dr. Emma R. Pastoral, 62
of #1 Mt. Vernon, N.P. and formerly of Maripipi Leyte,
Philippines, who died at the Intensive Care Unit, Princess
Margaret Hospital on Wednesdayt, -July 11, 2007. Funeral
service will be held at the Sacred Heart Catholic Church,
Shirley Street on Saturday, July 14, 2007 at 10:00a.m.

Left to cherish her memory are her husband, Dr. Robert Pastoral;
daughter, Ann-Marie Pastoral Boldt; son-in-law, Eric Boldt;
grandson, Robert John Bodlt; father, Sanjos Rabasto Sr.; brothers,
Dr & Mrs. Adolfo Rabasto, Arch & Mrs, Sanjos Rabasto Jr., Mr. & Mrs.
Cecilio Rabasto; sister, Dr. Elizabeth Rabasto Smith; nieces, Rinna;

Anna, Abby, Aireen, Andrea, Pearl and
Nephews; Archie, Gabriel, Gjon and grandchildren.


Sincerest thanks to Drs. Christine Chin, John Lunn, Elsa Grant, Theo
Ferguson, Barry McCartney, Robin Roberts, Mark Weech, Reginald
Neymour, Harry Singh, Dwayne Sands and Kevin Moss and to all the
staff at the Intensive Care Unit (PMH) and the Intensive Care Unit
(Doctors Hospital).

Friends may pay their last respects at Butlers Funeral Home, York
and Ernest Street on Friday July 13, 2007 from 4:00p.m until

Catholic Church

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4 Ticket to Exuma: Jyde Rolle Ticket # 11888
5 Ticket to Orlando: Lavelle Ticket # 5362
6 Ticket to Eleuthera: Keystalann Burrows
Ticket # 20463
7 Bicycle: Shanel Burrows Ticket # 18542
8 1 Microwave: Kayla Rolle Ticket # 17193
9 DVD Player: Gary Turnquest Ticket # 20112
10 Digital Camera: Kevin Telfort Ticket # 17148
11 Watch: Christina Cummings Ticket # 9679
12 Pearl Necklace: Peggy Pinder Ticket # 15851
13 $ 100 Gasoline: P.G. Ticket # 20076
14 Dinner for two at the Humidor: Carlyse Wallace
Ticket # 6131
15 Dinner for two at Captain's Table: Jerome Gomez
Ticket # 21534
16 Luncheon at Nett's: Ason Braynen
Ticket # 12723
17 Bedin Bag: Pasha Huene Ticket # 0452
The drawing was held on Saturday, July 7, 2007 at
7:00 p.m. on Saint Bede's Roman Catholic Church's
grounds. We would like to congratulate all the winners
and extend our gratitude to all our loyal and generous
raffle participants.

WTO to probe EU banana

rules upon US request

Jamaica detects arrival of invasive insect

that destroys crops, ornamental plants

Roya ISta r


Please note
that our offices will

be closed on Friday 13th July

for our annual


Centreville House, Second Terrace West, Collins Avenue

, r, ut 11

Crowds protest as Paniama ratifies

free trade agreement with US


`mmmmii NEW

Grand Bahama's




of Housing and
National Insur-
ance Kenneth
Russell and his
wife, Georgette,
are seen at the
34th annual
celebrations at
Park on Monday
Cooper Derek

Tribune Freeport
FREEPORT A spectac-
ular fireworks displays lit
up the skies at the Inde-
pendence Park in Grand
Bahama, where thousands
turned out on Monday
evening for the 34th
annual independence cele-
The highlight of the cele-
brations came at 11pm with
a procession of police offi-
cers, immigration and cus-
toms officials, led by the
Royal Bahamas Police
Force Marching Band.
The honour guard
marched onto the playing

field for the official flag-
raising and inspection,
which was carried out by
Minister of Housing and
National Insurance Ken-
neth Russell, the MP for
High Rock.
Residents displayed their
patriotism by wearing inde-
pendence t-shirts in the
colours of the flag, waving
miniature Bahamian flags,
and attaching them to their
The theme for this year's
celebration was 'A Tribute
to Our Forbearers.'
A cultural extravaganza
was held at 9pm featuring
various Bahamian artists,
including KB, Lil Joe
Cartwright and the Matrix

Band. There was also a
junkanoo rush-out.
Various MPs attended the
celebrations, including Mar-
co City MP Zhivargo Laing,
Pineridge MP Kwasi
Thompson, Eight Mile
Rock MP Vernae Grant,
and senators Kay Smith and
Frederick McAlpine.

Smith, parliamentary sec-
retary in the Prime MInis-
ter's Office, and Tourism
Minister Neko Grant, and
wife, Barbara, are seen
watching performances at
the Cultural Extravaganza
at Independence Park on
Monday evening.

Courtesy call paid on the

Ministry of Foreign Affairs
SHEILA Carey, deputy permanent secretary in the Ministry
of Foreign Affairs, and His Excellency Kailash Lal Agrawal,
High Commissioner of the Republic of India, are pictured on
Wednesday, July 11 at the Ministry of Foreign Affairs during
a courtesy call.
(BIS photo: Tim Aylen)

Teenager dies after stabbing
A TEENAGER, walking on Meadow Street, near Parker Street
about 8 o'clock last night, was attacked by several young men,
who stabbed him several times. The 18 year old died at the scene.
Last night police were looking for his attackers. Although police
knew his name, they would not release it until his family had been
This is the forty-fourth murder for the first six months of the year.

The Tribune and

USA TODAY make history

FROM page one
look forward to our readers
enjoying the USA TODAY dur-
ing their stay in the Bahamas,"
said Tom Kelly, USA
TODAY'S circulation vice pres-
"We're proud to have The Tri-
bune as a part of the USA
TODAY family. Welcome

aboard!" said Terry Carlson;
manager/field operations.
Robert Carron, Tribune Chief
Operating Officer, welcomed the
USA team to The Tribune's
"This is another journalistic
achievement for The Tribune of
which we are very proud," said
Mr Carron.

Young man to be arranged

today after age confusion

FROM page one
yesterday afternoon when he was brought before the courts to be
arraigned as a juvenile.
As a result, the press were not allowed in the court room and the
young man's face was concealed as he was led in and out of the
According to the teen's lawyer Tamara Taylor, the accused will
return to court today to be formally arraigned, after his actual age
has been confirmed.
Mardio Hall the 43rd murder victim for the year was shot on
Sunday at the racing tracks at the Queen Elizabeth Sports Centre
sometime around 7pm.

FROM page one
wants to do anything about it."
A human resources official at
NIB acknowledged to The Tri-
bune that rumours have been
"circulating" about alleged
intimidation, however as no
"formal written complaint" has
been lodged, an investigation
has not begun. "I have heard
things floating around," the offi-
cial stated. "However as the
union hasn't levied these things
(to NIB), we cannot address the
matter." The official further
noted that employees are usu-

NIB staff
ally "reluctant" to make formal
complaints for fear of negative
Jerry Swan, the President of
the Union of Public Officers,
told The Tribune that he "has
absolutely no knowledge" of
the allegations, claiming no such
complaints have been made to
the union.
Messages were left for the
official in question, but as of
press time he could not be
reached for comment.

PAGE 12, FRIDAY, JULY 13, 2007

FRIDAY, JULY 13, 2007


B J -S3

BU:. .. -,.

business@tribunemedia.net Miami Herald Business, Stocks, Analysis, Wall Street

'Double taxation'

Protect Bahamas firms

hits Bahamas ,
investment Bahamas from shell companies

investment funds


Tribune Business Editor
based investment
fund managers
have lost busi-
ness because
Recognised For-
eign Funds
(RFF) domiciled
in jurisdictions
not prescribed by DEVEAUX
this nation's reg-
ulators are being
subjected to "double taxation",
The Tribune was told yesterday,
something the Securities Com-
mission hopes to change "in
very short order".
Hillary Deveaux, the Securi-
ties Commission's executive
director, said both regulator and
industry were pushing amend-
ments to the Investment Funds
Act 2003 to resolve the situa-
tion, which currently leaves
RFFs in non-prescribed juris-
dictions with having to pay
licensing fees twice if they. want
to use a Bahamas-based invest-
ment manager.
Recognised Foreign Funds
are investment funds that are
not domiciled in the Bahamas,
but-have some kind of nexus or
connection to this nation, such
as using a Bahamiaainvestment
If they are licensed or regis-
tered in jurisdictions prescribed
or registered by the Securities
Commission,Recognised For-
eign Funds just have to regis-
ter with the Bahamian regulator
and provide proof of their reg-
istration elsewhere.

* Commission seeking
Act amendments 'in very
short order', as it mulls
extending audit deadline
from four to six months
* Industry concern on
Segregated Accounts
Companies 'double fees'

But under the current Invest-
ment Funds Act, Recognised
Foreign Funds that are not
domiciled in a jurisdiction
recognized by the Securities
Commission must also be
licensed in the Bahamas if they
want to use a fund manager in
this nation.
As a result, they are faced
with having to pay licensing fees
twice in their jurisdiction of
origin, and in the Bahamas -
effectively a form of 'double
taxation' that raises the costs of
doing business and deterred
such. funds from using
Bahamas-based investment
managers. .
Although the industry had
not indicated how much busi-
ness it might have lost as a
result, Mr Deveaux told The
Tribune: "One of the difficul-
ties we have is that we're aliffst
double taxing a fund if it is not
listed in a prescribed jurisdic-
tion of listed on a prescribed
"If a fund is using an invest-

SEE page 6

Port parent demands asset

disposal funds accounting

* Attorney calls for foreign investor parents to guarantee obligations/
put up performance bond for Bahamian subsidiaries
* Says Bahamian firms 'have no recourse' if developers pull-out
leaving unpaid debts and local entities 'in terrible financial straits'

----------------------------------------------------------------------------------------------------- ---------

Tribune Business Editor
B ahamian busi-
nesses must be
protected from
major investors
who set up "shell
companies" without any assets
to facilitate their projects in this
nation and then pull out without
settling their debts, a prominent
attorney told The Tribune yes-
Fred Smith, an attorney and
partner with Callender's & Co,
said this had happened all too
often during his 30 years of
practicing commercial law in
Freeport, leaving Bahamian
companies "in terrible financial
straits" and without any
recourse to recover "hundreds

of thousands of
dollars" owed to
Mr Smith said:
"In my view,
every time a
company wants
to develop or do'
business here, SMITH
even if they want
to operate as a
Bahamian company, the parent
company must guarantee the
performance of ,the subsidiary
and all the financial obligations
it enters into in the Bahamas.
"It is my hope that the FNM,
in developing an investment
policy, will legislate that."
Mr Smith also suggested that
foreign investors be made to
put up a performance bond as a

way of guaranteeing their per-
formance, and give Bahamian
creditors, companies and the
Government something fifan-
cial to claim against if they
failed to fulfill their obligations
and departed this nation leaving
unpaid debts in their wake.
He urged that such guaran-
tees and performance bonds be
legislated, rather than left to
negotiations over individual
Heads of Agreemerit, and apply
to both Bahamian and foreign
investors, regardless.of how big
or small they are.
"As the Bahamas continues
to attract foreign investment, it
is extremely important that we
protect Bahamian-owned com-
mercial operations from con-
ducting business with shell com-
panies from abroad that have

no assets here," Mr Smith said.
"Companies that do not go
through with investments some-
times leave millions of dollars in
debt throughout the islands.
"As an attorney operating in
Freeport for the last 30 years, I
can say resoundingly that
Bahamas-based companies,
Grand Bahama Port Authority
licensees, contractors, tour oper-
ators, real estate agents, attor-
neys, accountants and engineers
have all, and I have represented
many of them, have had to eat
their losses, many of then hun-
dreds of thousands of dollars at
a time,".'
The Tribune knows of cases
similar to those described by

SEE page 9

Abaco Markets eyes June/July

2008 to restart share dividend+

Tribune Business Editor
ABACO Markets, the BISX-listed retail
, group, is hoping to resume dividend pay-
ments to its long-suffering ordinary share-
holders "by June/July" 2008, The Tribune
was told yesterday, with its second quarter
results likely to "show tremendous improve-
ment" over prior year comparatives.
Gavin Watchorn, Abaco Markets presi-
dent, said: "On the assumption we have a
profitable year for 2007, we'd like to resume
ordinary dividend [payments] in 12 months.
I'd like to think by June/July of next year."

* Second quarter to 'show tremendous improvement' over prior year
* Firm, to repay Class A preference shares quarterly, with $535,000 payment in September

The announcement is likely to ignite new
interest in Abaco Markets' share price, giv-
en that Bahamian investors' number one
attraction is dividends and receiving instant,
liquid returns on their investment.
A resumption of dividend payments
would also provide some reward for Abaco
Markets shareholders who have stuck with
the stock through some pretty dark times,
including the $25 million loss it incurred in
2003, and complete the retail groip's return

to consistent profitability.
. Those investors who bought into Abaco
Markets when it was at its 52-week low of
$0.54 per share have already reaped the
benefits, the stock's close at $1.60 on
Wednesday this week meaning their invest-
ment has almost tripled in value.
And more share price appreciation may

SEE page 8

Tribune Business Editor
Diversified Corporation
(IDC), parent company for the
Grand Bahama Port Authori-
ty (GBPA) and Port Group
Ltd, has demanded an account-
ing of all dividends paid to the
late Edward St George and his
estate, and his business part-
ner Sir Jack Hayward, alleg-
ing that many of thqse pay-
ments were "not authorised"
by it.
In its defence and counter-
claim to the statement of claim
filed by Mr St George's estate,
which is disputing Sir Jack's
assertion that he owns 75 per
cent of IDC, and in turn the
GBPA and Port Group Ltd,
IDC alleged that it "had a right
to any dividends" declared by
the latter two entities or the
Grand Bahama Development
Company (Devco).
It makes specific reference
to the "special dividends" that
the St George estate alleges
were split equally 50/50
between Sir Jack and Mr St
George upon the sale of vari-
ous Port Group and Devco
assets, as detailed in their state-
ment of claim.
In its counter-claim, IDC
alleged: "IDC has not autho-
rise.d the payment of many of
those dividends to the first
plaintiff [Lady Henrietta St
George], the first defendant
[Sir Jack Hayward], the [St
George] estate or Mr St
George himself, and any sums
paid to them or either of them
are sums for which they are
liable to account to IDC.
"In light of which, IDC seeks
an accounting of all dividends
paid directly from [the GBPA
and Port Group Ltd] and the
Grand Bahama Development
Company to" Mr St George,

his estate and Sir Jack."
Given that IDC is a defen-
dant to the action brought by
the St George estate, and is
effectively on the same side
and alleged to be under Sir
Jack's control, its demand for
an accounting of the dividends
paid to both parties is likely to
baffle many observers.
The dividends in question
were paid to Mr St George and
Sir Jack Hayward over the
period 1993-2001, and collec-
tivly amounted to almost $80
million. According to the St
George estate's statement of
claim, these payments were
split 50/50.
The dividends resulted from:
The 1993 sale by Devco of
a 50 per cent stake in Grand
Bahama Power Company to
Southern Electric (now
Mirant), generating $35 mil-
The 1999 sale of a 50 per
cent stake in Devco to Hutchi-
son Development Bahamas,
netting a total dividend of $17
The 2000 sale of a 28.6 per
cent stake in Urban Sanitation
by Port Group Ltd to Onyx,
producing dividends of $9.428
The 2001 sale of a 50 per
cent stake in the Freeport Con-
tainer Port by Port Group Ltd
to Hutchison Port Bahamas
Holdings, generating special
dividends of $18 million.
In its counter-claim, IDC
denied that all joint ventures
were done on the basis of a
50/50 partnership between Sir
Jack and Mr St George, and
that the proceeds from the
asset disposals were divided
equally between the two.
It demanded that the St
George estate submit "strict
proof" of this to the court.

Insurance & Investments
to Build a Better Life
Telephone 242-393-1023


Drive them




directing the


One of the biggest
misconceptions is
that you simply
put up a website
and people will come flocking
to you. Just like in the real
world, traffic is not going to
come to you on its own. You
are going to have to encour-
age it by various means. Suc-
cessful sites can spend up to
50 per cent of their revenue
with online traffic driving cam-
The importance is getting
quality traffic. If your visitors
aren't relevant and don't buy,
then you have wasted your
time and money. If you are
selling a parental control e-
mail'solution, you will want to
appeal to mums and dads with
children aged nine to 15. Any
other traffic is a waste of time.
You will need to be clear what
type of traffic you need to
direct to your site. So, what are
the ways you can get traffic to
your website?

The first way is to pursue
Offline Activities. Having a
website doesn't mean you can't
use the tried and tested tradi-
tional ways of promotion. Sur-
prisingly, they can still be very
effective. Here are six offline
ways you can drive traffic to
your website:
First, try advertising in tra-
ditional media such as news-
papers and magazines.
Second, try public relations
by sending out press releases to
the traditional media.
Third, try direct market-
ing by using mailing lists to
write sales letters to physical
Fourth, try promotions at
third party venues, running
competitions with magazines
and newspapers, and exhibiting
at fairs and shows.
*P fifth, try joint ventures by
signing up partners to help pro-
mote your offering to their
audience. Tying up with news-
papers can be useful, as they
often run promotions to their

I \ Sense

Sixth, try adding your web-
site and e-mail address to all
your marketing literature, let-
terheads, stationery, business
vehicles, premises, adverts,
product brochures and your
business cards. This is a great
way of getting virtually free
The second way is to pursue
Online Activities. This is a bit
of a minefield, where you will
need to spend some time learn-
ing new techniques. There are
many ways in which you can
drive traffic to your site, and
some can be very lucrative.
First, try advertising online
by buying advertising on sites
such as Google and Yahoo.

You can bid for keywords, or
the search terms that surfers
use. When they arrive on the
search page, they will see your
ad, and when they click on
your ad they will be directed to
your website. You will be
charged for the click.
Second, if you have creat-
ed your own banners, text ads
or links, try advertising them
on other relevant sites that
have visitors with a similar pro-
file. When visitors click on
your banners, or text ads, they
will again be directed to your
Third, try public relations
by sending out press releases to
online media and eZines, and
posting in forums.
Fourth, try direct market-
ing by sending out e-mail to e-
mail address lists, but be wary
of spamming as this will get
you in big trouble with your
Internet Service Provider.
Fifth, build partnerships by
tying in with partner sites that
appeal to a similar audience
(a) Third party promotions,
where they promote your offer
to their customer lists through
a newsletter
(b) Direct mailing, exchang-
ing links or simply obtaining
links from their sites to your
site for free. Check out sites
such as Monster Link Swap
and Zeus Marketing Robot to

help you do it.
Sixth, try Search Engine
Optimisation techniques to
help rank your website address
higher up the major search
engines. You will need to use
key words in your web page
content and page names,
imbed meta tags in your page
titles, text and headers, and
submit your site to search
engines and directories.
If this looks like Double
Dutch to you, hire an external
SEO company by searching
the top search engines and
select one from the top 20. If
they can't get themselves up
the rankings, they won't be
able to do it for you.
Seventh, try Viral Market-
ing techniques. Simply having
your website link at the bot-
tom of your e-mails is a sure-
fire way of promoting your
website. Also, try inserting
'Tell A Friend' links on your
website as a way of getting
your visitors to tell others
about your service. Guerilla
Marketing is a growing form
of marketing that is becoming
popular. Check out web sites
such as Guerilla Marketing
Bootcamp, which provide a
free newsletter with many
guerilla marketing ideas.
Finally, try starting an
Affiliate Programme. This is
where you get other sites to

drive traffic to your site, and
you share the revenue of any
sales as a result of that traffic.
This is dealt with in more detail
in my future column, Becom-
ing An Affiliate.
Driving traffic to your site
can be one of the most tricky
things to get right. You could
spend a lot of money and get
very little in the way of results.
There are many scams on the
Internet. Many Internet mar-
keting techniques look too
good to be true and they often
are. Traffic won't happen with-
out a lot of hard work. Don't
be an antipreneur and forget to
implement a mix of the above
online and offline traffic-gen-
erating techniques. Make sure
you avoid the trap of
antipreneurship by spending
sufficient time on this area, as
it will pay large dividends for
your future business success.
NB: This column is available
as an eBook at
Mark draws on 20 years of
top level business, marketing
and communications experi-
ence in London and the
Bahamas. He is chief operating
officer of www.ezpzemail.com,
currently lives in Nassau, and
can be contacted at markalex-
Mark Palmer. All rights


To Our Valudu

Scotiabank Thompson Boulevard branch

wishes to advise its customers that there will

be a disruption in ABM service on

Sunday, July 15, 2007,

between the hours of 5 a.m. and 10 a.m.

Due to renovations being carried out on the

building, the electrical supply will be

disconnected during these hours.

Scotiabank apologizes for any

inconvenience caused and invites you

to visit one of our other

convenient ABM locations.


_____~__ __ r ~~ I___~.___~*.~....~.~..~.~.~..._. ~~. ~~....~.

- - - - -

PAGE 2B, FRIDAY, JULY 13, 2007



I s


he 3Mt*amt *H ra-- & FRIDAY, JULY 13, 2007 INTERNATIONAL EDITION

DOW 30 13,861.73 +283.86 A
S&P 500 1,547.70 +28.94 A
NASDAQ 2,701.73 +49.94
10-YR NOTE 5.13 +0.04
CRUDE OIL 72.50 -0.06 V



on retail


Associated Press
NEW YORK Wall Street
soared Thursday, propelling the
Standard & Poor's 500 index
and Dow Jones industrials to
record highs as bright spots
among generally sluggish retail
sales allowed investors to toss
aside concerns about the health
of the economy.
The rally, which included the
Dow's biggest one-day percent-
age gain in nearly four years,
was perhaps surprising given
that there was no extraordinary
announcement or other catalyst
usually seen with such a huge
gain, and that it came before
most companies have
announced their second-quarter
But investors, heartened by
signs of a happy and spending
consumer, clearly decided to
put some bets on the table.
Though retail sales generally
appeared to be crimped last
month by higher gasoline prices
and a tepid housing market, and
the outlook for the coming
months was difficult to ascer--
tain, the overallreading wasn't
as dour as some investors
According to preliminary
calculations, the S&P 500 rose
28.94, or L91 percent, to 1,547.70,
above its record close of 1,539.18,
set June 4.
The Dow shot up 283.86, or
2.09 percent, to 13,86L73; its pre-
vious record close was 13,676.32,
also set June 4. The increase
was the biggest percentage gain
for the blue chip index since
October 2003 and the biggest
point gain since October 2002.
The Dow also reached a new
trading high of 13,869.94.
The Nasdaq composite index
rose 49.94, or L88 percent, to
2,701.73; Thursday's gain was
the biggest percentage increase
since March, and the last time
the Nasdaq closed at around
Thursday's level was Feb. 1, 200L
Stocks' ascent Thursday
after mostly unremarkable trad-
ing in recent weeks could also
reflect so-called short covering.
Investors who sell stocks short
are betting the stock will fall
and can be forced to buy stocks
when markets move higher.
Bonds fell, with the yield on
the benchmark 10-year Trea-
sury note rising to 5.13 percent
from 5.09 percent late Wednes-
day. The dollar was generally
lower against other major cur-
rencies, dropping to a new
record low versus the euro and
a 26-year low against the British
pound. Gold prices rose,
Light, sweet crude fell 6
cents to $72.50 per barrel on the
New York Mercantile
Wall Street, whose advance
this year has been powered in
part by a cascade of buyout
news, received an additional
boost after mining company Rio
Tinto offered to buy Canadian
aluminum producer Alcan for
$38.1 billion.
Advancing issues outnum-
bered decliners by 3 to 1 on the
New York Stock Exchange,
where volume came to 1.66 bil-
lion shares compared with L44
billion traded Wednesday.
The Russell 2000 index of
smaller companies rose 15.21, or
L81 percent, to 855.18.
Overseas, Japan's Nikkei
stock average fell 0.36 percent.
Britain's FTSE 100 rose L25 per-
cent, Germany's DAX index
advanced 1.96 percent, and
France's CAC-40 jumped 1.70



PARTNERS: Alcan President and CEO Dick Evans, left, and Rio Tinto CEO Tom Albanese address a
news conference in Montreal. Under the buyout deal, a new company named Rio Tinto Alcan
would be based in Montreal, that would be 'a new global leader in the aluminum industry with
large, long-life, low-cost assets worldwide,' the companies said. It would be headed by Evans.

Rio Tinto offers $38B

for Canada's Alcan

Associated Press
SYDNEY, Australia Mining
giant Rio Tinto has offered to buy
Canadian aluminum company
Alcan for $38.1 billion in cash, the
companies said Thursday, in a
friendly takeover that tops a hostile
bid by U.S.-based Alcoa.
The bid exceeds a $28 billion
offer of cash and stock from Alcoa
that Alcan's board rejected in May,
and would create the world's larg-
est aluminum company., Alcoa
withdrew its offer on Thursday
after being outbid.
Alcoa Chairman and CEO Alain
Belda said Rio Tinto's bid "strongly
reinforces our view of the underly-
ing value in the aluminum industry
and its bright prospects for the
"However, at this price level, we
have more attractive options for
delivering additional value to
shareholders," he said.
In a joint statement, Rio Tinto
and Alcan said the Anglo-Austra-
lian miner was offering $101 per
share for Alcan and that Alcan's
board was recommending the deal
to shareholders.
"This transaction combines two
leading and complementary alumi-
num businesses, and is a further
step in Rio Tinto's strategy of cre-
ating shareholder value through
investing in high quality, large
scale, low cost and long life assets
in attractive sectors," Rio Tinto
chairman Paul Skinner said.
Rio Tinto's offer is a 65.5 percent
premium on Alcan's closing share

price before Pittsburgh-based
Alcoa's May 4 takeover bid, and an
almost 33 percent premium on
Alcoa's offer, the statement said.
The offer is subject to condi-
tions including gaining the support
of 66.67 percent of Alcan's share-
holders and a breakup fee of
$1.05 billion payable by Alcan to
Rio Tinto if Alcan pulls out.
Alcan's U.S. shares climbed
$8.85, or 9.p9 percent, to $98.45 in
Thurs fading in New York
while 0o#,s$hares rose $2.86, or
6.7 per tR6o $45.29.
Trading of Rio Tinto's shares
were halted in Sydney ahead of the
announcement, but had earlier
soared to a new record price of
105.19 Australian dollars ($90.58) as
rumors swirled that a deal on Alcan
was imminent. On the London
Stock Exchange, where Rio Tinto's
shares are also traded, the price fell
2.5 percent after the announcement
to 3,892 pence ($78.99).
Under the deal, a new company
named Rio Tinto Alcan would be
based in Montreal, Canada, that
would be "a new global leader in
the aluminum industry with large,
long life, low cost assets world-
wide," the companies said. It would
be headed by Alcan Chief Execu-
tive Dick Evans.
Alcan Chairman Yves Fortier
said the Rio Tinto offer was "very
attractive" and offered sharehold-
ers "the certainty of a clear path to
completion" a possible reference
to antitrust concerns about Alcoa's
"The agreed transaction with

Rio Tinto is the outcome of a rigor-
ous and thorough process con-
ducted by the Alcan board," he
"It achieves all of our stated
goals, providing clearly superior
value to Alcan shareholders while
remaining true to our core values
and obligations as responsible cor-
porate citizens," he said.
Rio Tinto CEO Tom Albanese
called aluminum an excellent busi-
ness to be in because of increasing
demand from China.
"The outlook for sector is very
strong," Albanese said. "World
demand is expected to grow at
more six percent per year thru 2011
... We've seen China's demand for
steel, for copper and for aluminum
ramping up in recent years."
ABN Amro analyst Rob Clifford
told Dow Jones Newswires Alcoa
faced a "big hurdle" because of the
breakup fee Alcan would be liable
for if it had pushed ahead with the
Others noted synergies between
the two companies said Rio Tinto
would likely consolidate operations
after the takeover.
"This is a major deal that's been
clearly flagged to the market and a
very good way for Rio to use its
forecast cash pile," said Numis
Securities analyst John Meyer, pre-
dicting that Rio Tinto would "be
quick to sell off some of the down-
stream operations."
Rio Tinto said Alcan has high
quality, low cost assets and excel-
lent access to long life hydro


Huntsman terminates one deal,

agrees to another buyout offer

Associated Press
SALT LAKE CITY Chemicals maker Hunts-
man agreed to a $6.5 billion buyout offer from an
affiliate of Apollo Management on Thursday, ter-
minating an earlier deal to sell itself at a lower
price to a Dutch company.
Apollo, through its Hexion Specialty Chemicals
unit, had offered $28 a share in cash for Huntsman
which had previously accepted a $25.25 a share
offer from the Dutch manufacturer Basell AF.
Huntsman gave Basell until Wednesday to raise
its bid but said Basell failed to do so.
"We had a deal and we were very comfortable
with that. We stick with that deal," said Basell
spokeswoman Patricia Vangheluwe.
Huntsman CEO and president Peter R. Hunts-
man said he couldn't ignore a bid that was hun-
dreds of millions of dollars higher than a deal he
hatched with another suitor.
Huntsman's board approved the Apollo deal
and has recommended that shareholders vote in
Huntsman said his company wired a "mind-bog-
gling" $200 million breakup fee to Basell, which is
controlled by U.S. industrialist Len Blavatnik's
Access Industries. Hexion agreed to reimburse half
of the amount of the fee.
Blavatnik was "quite disappointed $25.25 was

a good price at the time, but with Apollo bidding at
$28, that was something to consider," Huntsman
said in Houston before boarding a plane Thursday
for Salt Lake City, where his company is based. It.
operates from The Woodlands, Texas.
He conceded a Huntsman-Hexion combination
will have a harder and longer time gaining antitrust
approvals in the U.S. and Europe because the over-
lap between the two chemical businesses.
"There are areas of overlap in the business, but
we're confident we'll get through the Federal
Trade Commission," he said.
To compensate for delays, Hexion agreed to pay
a 8 percent annual premium for Huntsman shares
if the closing takes longer than nine months, he
Huntsman said he didn't know if Hexion would
keep him or his team of executives on over the
long run an arrangement he had with Basell.
Craig Morrison, the 51-year-old chairman and
CEO of Hexion, said it had yet to figure out how
the two companies' management teams would
mesh or whether any consolidation would result in
plant closings.
To win Huntsman, Apollo raised its bid to $28 a
share when it was already the high bidder at $27.25,
which "really came down to strategy and optimiz-
ing the chance of landing the deal," he said.
It seemed to work.




rises as

oil prices

Associated Press
trade deficit rose to its second-high-
est level of the year as the price of
imported crude oil jumped and
demand for Chinese products
remained strong despite recalls of
tainted products.
The Commerce Department
reported Thursday that the deficit for
May rose to $60.04 billion, 2.3 per-
cent more than in April. Most of the
deterioration in the trade balance
reflected a big increase in the foreign
oil bill, which swamped record sales
of U.S. products abroad.
The Bush administration said the
continued rise in exports validated
President Bush's campaign for free
trade deals and his opposition to rais-
ing import barrier.
"Our strategy is to focus on grow-
ing our exports as opposed to intro-
ducing protectionist policies to limit
our imports," Commerce Secretary
Carlos Gutierrez said in an interview
with The Associated Press.
The administration is working to
get Congress to approve free trade
deals with South Korea, Peru, Colom-
bia and Panama. The president also
wants lawmakers to extend his power
to seal trade agreements without con-
gressional intervention. Such author-
ity expired at the end of July.
That effort faces much resistance
because of unhappiness over the
trade deficits and the loss of 3 million
U.S. manufacturing jobs since 2000.
So far this year, the overall trade
deficit is running at an annual rate of
$709 billion. That is down 6.5 percent
from last year's $758.5 billion, the
fifth consecutive year that the deficit
was a record.
Analysts are looking for the deficit
to improve this year. U.S. exports are
benefiting from strong growth
abroad. Also, the falling value of the
dollar against the euro and other cur-
rencies lifts exports.
For May, exports of goods and ser-
vices rose 2.2 percent to an all-time
high of $132 billion. That figure
reflected big gains in sales of U.S.-
made aircraft, electronic products
and oil drilling equipment.
Imports also set a record, rising 2.2
percent to $192.1 billion. That
included a 6.2 percent jump in petro-
leum products to $26.6 billion, the
highest since last August.
The deficit with China in May rose
to $20.02 billion; it's the biggest
imbalance since January. While the
overall deficit so far this year is
smaller than last year, the deficit with
China is 17.2 percent ahead of 2006.

PRODUCTS: Apollo Management will buy out
chemicals maker Huntsman Corp. Above,
cases display dozens of consumer products
that contain items made by Huntsman in a
museum at the company's corporate
headquarters in Salt Lake City, Utah.

cc ~I~ -~--- I -- I I e I ~ I ~LI-~



shopper walks
by bargain
sale signs in
Seoul, South
Korea. The
Bank of Korea
raised its key
interest rate
Thursday for
the first time
in nearly a



Bank of Korea raises

key interest rate

From Herald Wire Services

The Bank of Korea on Thursday raised its key interest rate
for the first time in nearly a year amid expected strengthen-
ing economic growth and possible stronger inflation in the
second half of the year.
The central bank said That it raised its overnight call rate
target by 25 basis points to 4.75 percent. It was the first
increase since one of similar scale in August last year.
The decision to raise the rate was expected. Eight of 13
economists surveyed by Dow Jones Newswires expected the
central bank to approve the quarter percentage-point rate

The dollar briefly stum-
bled to a fresh low against
the euro on continuing con-
cerns that troubles in the
U.S. housing market could
drag down the overall econ-
The 13-nation euro
peaked at $13797, topping its
previous record of $13784
set early Wednesday. It
retreated to $13783 in late
New York trading, still up.
* from $13761 late Wednes-
Concerns over the
strength of the U.S. econ-
omy, fueled largely by woes
in the subprime housing sec-
tor, have boosted the euro
against the dollar.

Warner Music Group
(WMG) said it had settled
its copyright infringement
lawsuit against the social
networking Website imeem
by agreeing to license its
music and video content to
the site for a slice of its ad
Financial details of the
settlement were not dis-
Under the agreement,
imeem Inc. can carry music
and videos from all of the
record company's artists,
who include Madonna,
Linkin Park and Red Hot
Chili Peppers.

China is falling short of
its goals in a campaign to
boost energy efficiency in
its fuel-guzzling economy -
the world's No. 2 oil con-
sumer but is starting to
make progress, the govern-
ment said.
China launched a five-
year effort in 2006 to cut
energy use per unit of eco-
nomic output by 20 percent
amid mounting worries
about pollution and depen-
dence on imported oil,
which communist leaders
see as a strategic weakness.
But last year's reduction
was only 133 percent, well
below the 4 percent annual
target, Xie Fuzhan, commis-
sioner of the National
Bureau of Statistics, said.

The flood of foreign
investment pouring into
China rose by 22 percent in
June to $6.6 billion, the gov-
ernment said, giving further
indication that economic
growth is racing ahead
despite official efforts to
cool the boom.
The June figure raised
total foreign investment for
the first half of this year to
$3L9 billion, the Commerce
Ministry said.
The government has
been trying to curb invest-
ment in real estate and other
industries where it believes
supply exceeds demand.
Chinese leaders worry run-
away spending could ignite
inflation or a debt crisis.

EU regulators cleared
private equity group Terra
Firma Capital Partners'
$4.8 billion takeover bid for
EMI Group (EMIPF.PK) on
Wednesday, though share-
holders of the music com-
pany were still holding out
for a counterbid from
Warner Music Group
(WMG). The European
Commission approved the
deal after identifying no
antitrust issues and receiv-
ing no complaints from
rivals within a deadline of 25
working days.

Sony Ericsson, the
world's fourth-largest
mobile phone maker, saw
growing profits and market
share in the second quarter
but said the average selling
price of its handsets contin-
ued to fall.
The joint venture
between Sweden's LM
Ericsson (ERIC) and
Japan's Sony (SNE) said net
profit rose 54 percent to 220
million euros ($303 million)
from 143 million euros in the
same period last year.
Sales grew 37 percent to
31 billion euros ($4.3 billion)
from 23 billion euros in the
second quarter of 2006.
Sony Ericsson said it
shipped 24.9 million hand-
sets in the quarter, up 59
percent from the year-ago


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Motorola's CEO comes under fire

Associated Press
CHICAGO After beating
back a proxy fight from bil-
lionaire financier Carl Icahn,
the chief executive and chair-
man of Motorola is under
attack again.
On the heels of this week's
warning of worse-than-ex-
pected earnings, Ed Zander
found himself the target of an
activist-backed effort to
reform the once-venerable
cellphone maker.
This time, the campaign to
boot Zander, along with four
other board members, is led by
a group of small investors and
includes an online petition,
blog and five-minute video
"Enough is enough and it's
time for a change," said Eric
Jackson, a Naples, Fla., man-
agement consultant who owns
134 Motorola shares and
launched the grass roots initia-
tive called "Plan B" on Mon-
day. "There's the substance of
what the CEO does, but there's
also the symbolism. And I
think the problem is that he's
just not that inspiring."
So far, about 70 sharehold-
ers who claim to represent
about 400,000 shares have
signed on, though there's no
way to verify the group's hold-
ings. A video outlining the
plan has received more than

The campaign to boot Ed Zander, along with
four other board members, is led by a group of
small investors and includes an online petition,
blog and five-minute video manifesto.

1,400 views on YouTube.
Jackson launched a similar
campaign earlier in the year,
attacking former Yahoo CEO
Terry Semel, who stepped
down last month.
The anti-Zander sentiment
may be growing on Wall
Street, too.
"If you don't see any
improvement over the next
couple of quarters, I think his
days are numbered," said Mor-
ningstar analyst John Slack. "I
think the catcalls and the cries
for him to step down, or be
fired, are only going to grow
from here out."
A company spokeswoman
declined to comment specifi-
cally on Jackson's campaign.
"Ed and the senior manage-
ment team are continuing to
work to restore the profitabil-
ity and performance that we
expect from the mobile
devices business," spokes-
woman Jennifer Erickson said.
Zander, 60, took the helm of
the Schaumburg-based com-
pany in 2004. Since then, he's
overseen Motorola's meteoric
rise on the success of its Razr

phone along with its stunning
decline that began last fall
when aggressive attempts to
increase market share by low-
ering phone prices began to
backfire and hurt profit mar-
On Wednesday, Motorola
acknowledged its struggling
cellphone business its big-
gest will be unprofitable at
least until 2008 and warned of
a shortfall in second-quarter
revenue due to weaker-than-
expected handset sales. It also
said it would post an operating
loss because of poor results in
cellphone units in Asia and
The announcement that the
company's cellphone business
won't be back in the black
until at least next year signals
Motorola's turnaround efforts
haven't gained traction despite
assurances by Zander that the
company would succeed.
Motorola has announced a
series of reductions and a
restructuring plan, but has
pinned its hopes for a recov-
ery on a new cellphone lineup,
anchored by the Razr 2. That

phone was to be introduced in
Asia this month and elsewhere
later in the summer.
Meanwhile, analysts pre-
dicted Thursday that Samsung
Electronics would eclipse
Motorola for the No. 2 posi-
tion in world handset sales
and market share during the
Motorola said it expects to
ship about 35 million to 36 mil-
lion handsets in the second
quarter and analysts forecast
Samsung will ship more than
37 million handsets. Mean-
while, JPMorgan estimates put
Samsung in the No. 2 spot with
13.6 percent of the market,
compared with Motorola's 12.8
percent. Both trail Nokia Corp.
Standard & Poor's put
Motorola's long-term ratings
on watch'Thursday short of
a downgrade but a move signi-
fying negative implications,
the ratings agency said.
"It's going to take some
time for Motorola to turn
things around considering
competition has only
increased in recent months,"
RBC Capital Markets analyst
Mark Sue said. The company,
he said, "sorely needs a hit
product to turn things
Motorola shares, already
down 13 percent in 2007, rose
13 cents Thursday to $18.08 in

GADGETS: AT&T retail sales consultant Seth Sutton,
second from left, explains the many features of Apple's
iPhone to Katie Morton and her parents John and Emily
Morton. Hot gadgets like the iPhone are keeping sales of
consumer electronics strong.

June's results extended the
slowing trend retailers have
experienced since February.
For some stores, June
results were depressed in part
by a shift in the calender that
moved the Memorial Day
weekend business into May.
But retailers of what are
known as discretionary mer-
chandise such as apparel and
home goods are also coming
under increasing pressure as
consumers are forced to pay
more for food and gas. The
still-weakening housing mar-
ket is also making shoppers
shy about spending.

Meanwhile, apparel mer-
chants have problems of their
own, including a continuing
absence of must-have fashions
and competition from the lat-
est electronic gadgets.
Craig R. Johnson, president
of Customer Growth Partners,
a retail consultancy in New
Canaan, Conn., said hot gad-
gets like Apple's iPhone are
keeping sales of consumer
electronics strong:
"The fashion must-haves of
the world are not apparel, but
the iPhones of the world," said
Johngon. "They are wearing
technology as fashion."

Associated Press
NEW YORK Consumers
were eager to buy iPhones and
flat-screen TVs in June, but
their reluctance to purchase
clothing and other non-essen-
tials has retailers worried
about the success of the back-
to-school shopping season.
As merchants reported
their generally modest sales
gains Thursday, it was clear
that consumers' uneasiness
about higher good and gas
prices and the weakening
housing market was forcing
many of them to think twice
before spending. The disap-
pointments included depart-
ment stores like Macy's as
well as apparel chains such as
AnnTaylor Stores. Discount-
ers fared well, particularly
Wal-Mart Stores, whose
renewed emphasis on low
prices helped drive sales gains
above analysts' expectations.
Sales were not as weak as
some analysts feared, but the
fact that June was nonetheless
sluggish did not augur well for
back-to-school shopping that
begins this month. June, the
second most important month
of the year, is a time when
retailers clear out summer
goods to make room for fall
merchandise. Most obvious
for consumers is how much
they're paying for gasoline -
prices at the pump that fell
after peaking in late May are

again rising, and the national
average price for a gallon of
unleaded regular is above $3.
And although teens were
spending again in June after a.
slower spring, analysts said it
is still too early to tell how the
season will fare. The improve-
ment was reflected in reports
from retailers including
Pacific Sunwear of California
and Abercrombie & Fitch.
Despite the concerns about
back-to-school, J.C. Penney
said it saw a good response to
its early fall merchandise.
"The picture for the con-
sumer hasn't changed much,"
said John Morris, managing
director at Wachovia Securi-
ties. "The consumer is facing a
lot of headwinds."
Morris noted that the
spending outlook is also
becoming more uncertain
because an increasing number
of schools are starting classes
later. Teens usually wait to do
the bulk of their shopping
until after school starts
because they want to see what
their friends are wearing.
The International Council
of Shopping Centers-UBS
sales tally of 50 stores rose 2.4
percent in June, compared to a
3.0 percent gain in the year-
ago period. The tally is based
on same-store sales, which
reflect business at stores open
at least a year and are consid-
ered a key indicator of a retail-
er's health.


Marriott 2Q earnings rise 11 percent

Associated Press
operator Marriott Interna-
tional said Thursday that its
second quarter earnings rose
11 percent on higher demand
for rooms, but its stock dipped
on signs that growth in the
lodging industry may be cool-
ing off.
Marriott shares fell 3 per-
cent in morning trading as it
lowered the upper end of its
growth forecast for North
American revenue per avail-
able room, a key hotel industry
benchmark. It marked the sec-
ond time this year that Marri-
ott has trimmed its 2007
revpar outlook.
The company reported net
income of $207 million, or 51
cents per share, for the three
months ended June 15, up from
the $186 million, or 43 cents
per share, a year earlier.
Revenue rose to $3.21 bil-

lion from $2.89 billion a year
Excluding a charge of $54
million, or 13 cents per share,
due to a tax settlement with
the federal government and
the results of the company's
synthetic fuel business, second
quarter earnings were $229
million, or 57 cents per share.
Analysts surveyed by
Thomson Financial forecast
second-quarter net income of
53 cents per share on revenue
of $317 billion.
Revenue per available
room, a closely-watched
benchmark known in the
industry as revpar, rose 7.5
percent worldwide and 5.6
percent for managed hotels in
North America, Marriott's
largest hotel market. The com-
pany saw stronger perfor-
mance in overseas markets
such as China and India, but

saw domestic results weighed
down by softer revpar at its
limited service hotels.
Marriott raised its outlook
for the year slightly, predicting
it would earn between $1.88
and $1.96 per share for 2007,
up from the $L84 to $L94 fore-
cast it made in April. Analysts
expect 2007 earnings of $1.92
per share on $13 billion of rev-
But the company also low-
ered the upper end of its fore-
cast for revpar, saying it
expects growth of between 6
percent to 7 percent in North
America. In April, Marriott
predicted revpar growth of
between 6 percent to 8 per-
cent, a reduction in earlier
predictions that battered its
stock on fears it indicated
weakness in the hotel sector.
Arne Sorenson, Marriott's
chief financial officer, told
analysts Thursday that Marri-
ott expects to see stronger

revpar growth in the second
half of 2007. But he added it is
unlikely the lodging industry
will sustain the brisk revpar
growth of the past few years
when it rebounded from a
post-Sept. 11, 2001 travel
"We will see more modest
revpar growth, but it ought to
still be a pretty good equation
going forward," Sorenson said.
Marriott shares dropped
$131 to $45.04 Thursday.
Marriott's net income
included 8 cents per share in
gains from its synthetic fuel
business, a coal production tax
credit program that is tied to
volatile oil prices. The $220
million tax settlement,
reached last month with the
Internal Revenue Service and
Department of Labor, focused
on Marriott's accounting for a
company retirement plan.


Stores post

modest sales

for June

For up-to-date stock quotes, go to wwiMidmlieralddcom and click on Business


THE MIAMI HERALD I MiamiHerald.com


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stops tr

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Tribune Business Editor
No trading took
place on the
Bahamas Interna-
tional Securities
Exchange (BISX) during nor-
mal hours yesterday after it
incurred a problem with its
electronic trading system,
something its chief executive
said would be rectified by
today. The exchange instituted
a late trading day as The Tri-
bune went to press.
Keith Davies said: "We are
dealing with it, and it will be
back up tomorrow [today]."
He explained that an error
had occurred, which had
forced the exchange to clear,
reset and restart its trading sys-
tem, something that had not
been an uncommon event in
BISX's history.
"Everything is being done to
retire our current system and
move to a new trading plat-
form with different operating
systems," Mr Davies said. "It's
never going to be an issue
being down. It won't happen."
He explained that BISX's
current system was "very pro-
cedural in nature", meaning
that when one error happened
a set procedure had to be fol-
lowed to get it back up, with all
areas checked.
The launch of BISX's new
QuickTrade Windows-based
trading system was delayed
from June 29, 2007, to sort out
: glitches in the system. No new




speed and access times, and
.help the migration of govern-
ment securities to BISX.
It will also enable BISX's
broker/dealer members to
access historical data on listed
equities and other instruments
much more rapidly.


date has yet been set for its
QuickTrade has been
designed to replace the BISX
Automated Tradind System,

which has been operating since
the exchange went live in 2000.
It is designed to reduce the
exchange's overhead and costs,
improve efficiency, boost

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'Double taxation' hits Bahamas

investment funds competitiveness

FROM page 1

ment manager, or proposes to
use an investment
manager/adviser, in the

Bahamas, that is deemed a
Bahamas-based fund.
"For investment managers, it
becomes rather onerous. If

these funds are licensed in
another jurisdiction, and it is
not a prescribed jurisdiction,
that fund has to be licensed in
the Bahamas if it wants to use a
Bahamian fund manager."
Mr Deveaux added: "In addi-
tion to being licensed in the
jurisdiction of origin, the fund
has to be licensed in the
Bahamas. That has prevented
a lot of investment managers in
the Bahamas from generating
To resolve the problem, he
said the Securities Commission
and the financial services indus-
try were proposing to the Gov-
ernment that the Investment
Funds Act be amended to
"remove the investment man-
ager/adviser as a nexus" to the
To qualify as a prescribed
jurisdiction with the Securities
Commission, other countries
not only had to show they had
adequate anti-money launder-
ing/Know Your Customer sys-
tems that complied with global
standards, but provisions in
their laws equivalent to the
The Investment Funds Act
regulations were recently
amended to include Bermuda,
the Channel Islands and British
Virgin Islands, but Mr Deveaux

said there were also issues with
the definition of a Recognised
Foreign Fund.
While such funds were sup-
posed to be licensed or regis-
tered in a presecribed jurisdic-
tion, or listed on a prescribed
foreign exchange, Mr Deveaux
explained that some funds in
the US, especially those incor-
porated in Delaware, were not
required to be licensed or reg-
istered in that country.
This had caused "some diffi-
culties" for the Bahamas given
the requirements of its Invest-
ment Funds Act, and since they
were "the ones we're trying to
capture as well", the Securities
Commission and industry were
trying "to create a carve out in
the legislation in the way we
deal with" such US-based funds.
Among the other Investment
Funds Act amendments under
consideration is an extension of
the deadline for filing audited
financial on Bahamas-based
investment funds from four to
six months after year-end, to
give external auditors enough
time to complete their work.
"We're making representa-
tions to both the [Securities
Commission] Board and the
minister [Zhivargo Laing], and
hopefully they will be done in
very short order," Mr Deveaux

said of the Act amendments.
"We have to be guided by the
industry, because they're at the
front end. We listen to them,
do analysis, and work out
whether what is good for the
industry is also conducive for
the jurisdiction. On that basis,
we work to make recommen-
dations to the Board and the
minister to make the necessary
Mr Deveaux told The Tri-
bune that another compliant
being voiced by the Bahamian
investment funds industry was
over the fact that they were cur-
rently being charged two fees
for incorporating fund struc-
tures as Segregated Accounts
Companies. One fee was being
charged for incorporation by
the Registrar General's Depart-
ment, and another for registra-
"The complaint the industry
is bringing is that they are cur-
rently being charged a fee for
funds being incorporated as
Segregated Accounts Compa-,
nies, as well as being registered
as Segregated Accounts Com-
panies," Mr Deveaux said.
"What we're trying to do is
determine whether this is an
internationally-accepted prac-
tice. This touches on the issues
of competitiveness, whether we

are being competitive and
whether this issue is driving
business away from this juris-
Segregated Accounts Com-
panies are vital to the Bahami-
an investment funds industry,
as they enable administrators
to set-up 'fund of funds' struc-
tures and prevent liabilities
from one fund impacting the
assets in others.
In a statement, the Securities
Commission said companies
had to be incorporated as either
Bahamian or International
Business Companies (IBCs)
before being registered as Seg-
regated Accounts Companies
with the Registrar General.
The regulator indicated in its
release that delays in authoris-
ing the incorporation of com-
panies by the Registrar Gener-
al's Department were continu-
ing to create problems for the
Bahamas' competitiveness in
financial services, including the
Securities Commission's 72-
hour 'fast-track' licensing
Despite its investment funds
industry having just over $200
billion in assets under manage-
ment, its growth has been rela-
tively slow in recent years.
As at September 30, 2006,
some 760 investment funds
were domiciled in the Bahamas,
an increase of 1.5 per cent or
11 over the previous nine
Mr Deveaux himself said ear-
lier this year that while the
number of funds registered in
the Bahamas had grown by 4.5
per cent between 2001-2005,
over the same period the British
Virgin Islands, Bermuda and
Cayman had seen growth rates
of 20 per cent, 23.6 per cent and
123 per cent respectively. The
worldwide industry had seen a
250 per cent growth rate.

k k o i fe's Rods

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financngadinurane.SirleySteet*3 3908Fax:323



Construction Project Manager

* Minimum 5 years experience in construction
* Working knowledge of timber and masonry
construction methods
* Proficient in reading and understanding construction
* Proficient in performing material take-offs and placing
material orders
* Working knowledge of construction materials
* Proficient with Microsoft Word and Excel
* Good communication skills

Warehouse Manager

* 5-10 years experience managing a large warehouse
* Working knowledge of accounting aspect of Warehouse
* Computer savvy including proficiency with Microsoft
Word and Excel
* Solid day-to-day decision maker
* Good Communication skills with both upper
management and labour
* Working knowledge of construction materials

Resume should be sent to Nick Sims, Development
Department, The Abaco Club on Winding Bay, P.O. Box
AB-20571, Marsh Harbour, Abaco or fax #242-367-2930


PAGE 6B, FRIDAY, JULY 13, 2007

justcall3221986to dy

1 C

Bahamas still inI


Tribune Business
T he Bahamas
remains in the 20th
century when it
comes to the way
this country does business, the
Chamber of Commerce's pres-
ident said yesterday, stressing
the need for commercial bank-
ing system's Automated Clear-
ing House .(ACH) to come on
line and help Bahamian firms
provide e-commerce services.
"We still do a lot of writing
and we still do a lot of forms
manually. It would be great if
we could interact with the
Government, who have stated
that they would like to improve
this. To apply for a work per-
mit or a business licence,
wouldn't it be great if you
could apply on line," Dionisio
D' Aguilar said during a press
conference to announce the
activities for Chamber Week.
"On the introduction of
technology, there is a long way
to go in this country to get that
to where it needs to be. We
know that it is there and we
know that it is available. And
we know that it will make
doing business a lot more effi-
cient; we just need to get
Mr D'Aguilar added that it
can only be a matter of time
before the Bahamas has the
ability to shop online in this
"It is inevitable. I mean, if I
am a bank it's the way of the
future. It's like that everywhere
in the world. The process will
take as long as long as it will
take, but we will get there," he


"It's just a matter of time,
and our job as the Chamber of
Commerce is to move in that
direction, to lobby, to talk and
put pressure on; to do whatev-
er it takes to get us to the point
where it is easier to do busi-
ness in this country."
Mr D'Aguilar pointed out
that it was difficult to rate the
Bahamas' technology level
against its regional counter-
parts. "We may be more
advanced in some area as com-
pared to others."
He added that the ACH will
be one of the key issues he and
other business organisation
leaders will discuss when they
have their annual meeting next
"Since becoming president
of the Chamber, what I have
attempted to do is to focus our
organisation on things that
affect the day-to-day running
of businesses. The issue most
prevalent in my mind, which I
keep talking about all the time,
is to try and get the Automat-
ed Clearing House up and run-
ning," Mr D' Aguilar said.
"It's been talked about a lot
in this country. It's coming, but

hopefully we can spread up the
process and get it to come a
little quicker.
Mr D'Aguilar said the
Chamber can only assist and
tell the Central Bank and the
Clearing Banks their stance as
a business community.
"Hopefully, by the end of
the year it will be up. It will be
wonderful," Mr D'Aguilar
said. "It would eliminate the
need to accept so much cash. It
would be wonderful if you
could come in with your debit
card. I could swipe it, you put
in your pin and your money
could be transferred electroni-
cally from your account to my
"I don't have to count the
cash. I don't have to safeguard
it, I don't have to transport it,
and I don't have to risk my life
every day to deal with it. So
that is a wonderful benefit for
"Take cheques, for example.
You have to write a cheque,
someone has to pick it up, they
have to take it to their accounts
department, they have to
record it, they have to take it to
the bank, do a deposit slip. It's


a very long, arduous, inefficient
way of doing business. If peo-
ple can do it on-line it's done.
"It will vastly change the way
we do business in this country,
as it has changed the way they
do business in the first world."
Mr D'Aguilar said that there
are other issues he would like
to discuss with other Chamber
presidents to see what con-
cerns they may have on their
respective islands. "Obviously
we are in Nassau, so we are
bigger and most of the issues.
here may not apply to them,
so this is an avenue where once
a year we get together to dis-
cuss the issues affecting them."

Fo hesore

Are you looking for a Teaching Position in a
Dynamic Progressive Teaching Environment?

Starting August 2007

The Lyford Cay International School has positions
open in:

* Early Learning Center
* Elementary Classroom
* Chemistry
* Mathematics
* English & Humanities
* Spanish

If interested email to Dr. Paul Lieblich, Principal at
plieblich @ lyfordcayschool.net:

* Letter of Application
* Curriculum Vitae
* Picture of yourself

Candidates must be university/college trained
with teaching credential and two years experience.
International Baccalaureate Organization program
experience preferred.


Share your news
The Tribune wants to hear
from people who are
making news in their
neighborhoods. Perhaps
you are raising funds for a /
good cause, campaigning
for improvements in the
area or have won an
If so, call us on 322-1986
and share your story.

Credit Suisse (Bahamas) Limited
is presently considering applications for a
Senior Accountant Derivatives & Structured Products
Credit Suisse is one of the world's premier private banks. It is setting new standards that go beyond
traditional banking services. Our dedicated and highly qualified staff provides our clientele with
comprehensive solutions in individual investment counseling and professional portfolio management. Our
total commitment is always to our clients and we focus without compromise on their financial well-being and
their personal values.
The position is open to candidates with the following minimum requirements:
Main tasks:
Preparing all financial statements for derivatives & structured products business of the bank
Provide expertise in defining accounting treatment for derivative products (Options, Swaps, etc.)
Assisting in the preparing of reports for Senior management
Assisting in ensuring that all Balance Sheet accounts are substantiated
Involvement in various investment banking and Group accounting issues and projects
Recommend new products for implementation after receiving sign-offs of above specialized units
Ensure that new products are implemented in a controlled manner and execute implementation review
with IT, Operations and Accounting
Identify potential risks and suggest improvements regarding controls, systems in use and business
Work with senior business management to prioritize initiatives
Support implementation of standard software supplements
A minimum of five (5) years experience with an offshore bank, trust company or accounting firm
Technical product knowledge of derivatives / structured products MANDATORY. Must demonstrate
sufficient hands-on work experience in accounting for derivative products.
Product Control or Financial Control background required
CPA, CA or equivalent
University degree
Knowledge of US GAAP would be an asset
Good IT skills; familiar with Accounting and IT infrastructure basics
Personal Qualities:
A commitment to service excellence
Ability to work under pressure and with minimum supervision
Good organizational and interpersonal skills
Ability to work independently
Effective communicator and hands-on and proactive approach
Strong analytical and organisational skills and good sense of control
Benefits provided include:
Competitive salary and benefits
APPLICATIONS MUST BE IN WRITING. Persons not meeting the minimum requirements need not apply.
Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas




BSI Overseas (Bahamas) Limited, Nassau, Bahamas, an established
international private bank, with its headquarters in Lugano, Switzerland,
is presently accepting applications for


Applicants for the position of Private Banking Relationship Officer must
have Banking or Financial education and experience in the offshore banking
sector, fluency in Italian, German and French, have strong background
in KYC matters, good knowledge of international financial instruments,
ability to partner with team members, project oriented, and have thorough
knowledge of local legislation, regulatory. & statutory matters as well as
international banking practices.

Personal qualities :-

Excellent organizational, communication arid computer skills
Goal-oriented, self-motivated, positive attitude and outlook
Project oriented
Commitment to quality and service excellence
Able to work with minimal supervision
Commitment to continuous training and improvement of colleagues
Flexibility in office hours and hands-on approach when necessary

Responsibilities :-

Ensure KYC guidelines are applied on a day to day basis within Private
Banking unit
Organize, implement and monitor KYC and Client Relationship
Management related projects within the Private Banking Unit
Training of Private Banking allocated resources
Liaise directly with customers or their investment advisors or agents
Foster and maintain communication with internal/external banking
Meet deadlines on timely basis

Interested persons with such qualifications should submit their
resume/curriculum vitae to :

Human Resources Manager
BSI Overseas (Bahamas) Limited
Bayside Executive Park, W. Bay St. & Blake Road
P. 0. Box N-7130
Nassau, Bahamas
Fax no. (242) 702 1253 or email:

Only applicants having the above attributes will be contacted.


FRIDAY, JULY 13, 2007, PAGE 7B

rPiUt b, rrMIUMT, JULT I3, ZUU/



Anatolian Shipping Limited
(In Voluntary Liquidation)

Creditors having debts or claims againts the above-named
Company are required to send particulars thereof to the
undersigned at Ocean Centre, Montagu Foreshore, East Bay
Street, P.O. Box N-3247, Nassau, Bahamas as sole Liquidator
on or before the 27th day of July, 2007. In default thereof they
will be excluded from the benefit of any distribution made by the

Dated the 11th day of July 2007


Legal Notice
Anatolian Shipping Limited


(a) Anatolian Shipping Limited is in dissolution under
the provisions of the International Business Companies
Act 2000.

(b) The dissolution of the said company commenced
: on the 11 th July, 2007 when its the Articles of
Dissolution were submitted to and registered by the
Registrar General.

(c) The Liquidator of the. said Company is Mr..Lynden
Maycock of Ocean Centre, Montagu Foreshore,
East Bay Street, Nassau, Bahamas, as sole Liquidator.

Dated thelith day of July 2007.

H & J Corporate Services Ltd.
Registered Agent
for the above named Company



"Ii"a Voluntary Liquiidationi

Notice is hereby given that the above-named
Company is in dissolution, commencing on the 20th
day of June, 2007, Articles of Dissolution have
been duly registered by the Registrar. The Joint
Liquidators are Paul A. Gomez and Patrick E. Smith,
P.O. Box N-8285, Nassau, The Bahamas.

All persons having Claims against the above-
named Company are required on or before the 23rd
day of August, 2007 to send their names and
addresses and particulars of their debts or claims to
the Joint Liquidators of the Company or, in default
thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.

Dated this 12th day of July, 2007

Joint Liquidators

Abaco Markets eyes

June/July 2008 to

restart share dividend

FROM page 1

be in store, with insiders hav-
ing previously told The Tribune
that Abaco Markets was expect-
ed to generate a profitable year
for the 12 months to January
31, 2008, having recorded its
first two consecutive quarters
of profitability for five years
earlier this year.
Mr Watchorn said of Abaco
Markets' latest three-month
period, which is due to close at
the end of this month: "Our sec-
ond quarter is looking to be
somewhat of a similar result [to
the previous quarter], probably
a little better than quarter one.
We're showing tremendous
improvement over the prior
The Abaco Markets presi-
dent added that the company
would also make quarterly

redemption payments to hold-
ers of its Class A preference
shares, rather than release one
lump sum payment at year-end,
a move that will boost cash
flows and bring a quicker end to
an unfavourable interest spread.
"We made the first repay-
ment in June, and when we
made it we gave notice of a sec-
ond payment of $535,000, which
will be made in September," Mr
Watchorn said.
"Thereafter, we will pay
approximately $270,000 per
quarter going forward."


Abaco Markets was currently
paying $80,000 into a "sinking
fund" to help meet the prefer-
ence share obligations, and Mr
Watchorn said the quarterly
payments would help remove


NASSAU, BAHAMAS, is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who knows
any reason why registration/ naturalization should not be
granted, should-send -a written -and-signed statement of the
facts within twenty-eight days from the 6TH day of JULY, 2007
to the Minister responsible for Nationality and Citizenship,
PO.Box N- 7147, Nassau, Bahamas.


NOTICE is hereby given that BALDWIN CELICOURT
BAHAMAS, is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization as a
citizen of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 6TH day of JULY, 2007 to the
Ministerresponsible for Nationality and Citizenship, PO.Box
N- 7147, Nassau, Bahamas.



The Public is hereby advised that I, KHAMBREL
CORMON RUSSELL of #17 Golfview Lane, Bahamia
West Replat, Freeport, Grand Bahama, intend to change
my name to KHAMBREL CORMON ROLLE. If there are
any objections to this change of name by Deed Poll, you
may write such objections to the Chief Passport Officer,
RO.Box N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.


The Public is hereby advised that I, MARIE ANGIE
change my name to MARIE ANGIE MESIDOR.
If there are any objections to this change of name
by Deed Poll, you may write such objections to the
Chief Passport Officer, P.O.Box SS-792, Nassau,
Bahamas no later than thirty (30) days after the date
of publication of this notice.

C FA L "

Pricing Information As Of
Thursday. 12 July 200 7

1 83
2.3 ..

" 1.80.

).54 --

.42 %CHG OO.30 / YTD 153.35/ YvTD % 09.1 ;

Aoaco Markets
Bahamas Property Fund
Bank of Bahaas "
Bahamas Waste
Fidelity Bank,:
Cable Bahamas
Colina Holdthg .
*Co.mmnonwealth Bank
Consolidated Water BDRs
Doctor's Hosaital
Faniguard .
FirstCaribbean "
. Fodol
Freeport Concrete
ICD Utilities
J. S. Johnson
Premier Atal Estatte


1 60

Bid $

1i. e nanams upermarketl
. 10.00 Caribbean Crossngs (Pref)
0.20 RND Holdings .

13.00 28 00 ABDAB
4 o60 14.00oo Baama Supermarkuts
2.60 0.35 RND I-olHlnda
52wk-HI 52wk-Low Fund Name
1... ... ..4, 0_ ,



Colina Money Market Fund
Fidelity Bahamas G & I Fund
Colina MSI Preferred Fund
Colina Bond Fund
Fidelity Prime incOme Fund

BISX ALL SHARE INDEA 19 DKc 02 1 000 00
52wk-M ighes b doing prieo In last 52 weeks
62wk-Low Loe dosing price in la I52 wais .
Previous lose Previous days weighted price for dally volume
Today Clom Cmnl day'e weighted pritc for daiy volume
ChXge Change In dosing W prc rom day to day
Daly Vol. Nunterof total shares raded today
DIV S DIvkdend per sha paid In the last 12 mnnths
E Cloing pridivided by e last 12 molnh learning


14 60u

Cr.anae ra.i,-- E- EP~ --- D-..

C C.
' 0.00

2 000j 0 000'
400 0.733
2,108 0.281
4,100 0.977
1.500 1.657

1 60

Sn F Securities


,? 00C

La.t Pri, ,e '?eVjekI. '.,c EPS S C lI. I.

16 t.,0

---- ----------- C criunk Securltas

41 00 43 uvi
1460 1550
0 45 55

5 t t F2d

1 23J 1 16
0.000 0.640
0.034 0.000

P E Y.eid
C N F.1 0 001o
0 7.6 3.45%
0 12.8 2.77%
0 N/M 2.35%
0 13.1 1.64%
0 23.1 1.35%
0 11.2 2.26%
0 8.4 3.40%
0 12.8 4.60%
0 52.7 0.85%
0 8.2 0.00%
0 8.9 3.87%
0 16.1 4.49%
0 14.6 3.21%
0 12.1 2.60%
0 1.5 0.00%
0 17.6 2.76%
0 10.5 5.86%
0 8.6 6.00%
P,E Yield


,lj I'JC:

.2 2'0 ,j,00) 19 4
1 3-4 1 125 126
u 021 000j 26 2
i.clj i -

'IV mtMu. r.un s
? TD LazI 12 ..r.ir,

11 6049"".....

,, S'. / YTD-1 1.12% / 2006 34 47%
MA~rKE-T TE A. 'L* C i 3 -- : - -- 1 : :
Bid $ Buying price of Colina and Fidelity
Ask $ Selling price of Collna and fidelity
Last Price Last traded over-the-counter price
Weekly Vol. Trading volume of the prior week
EPS $ A company's reported earnings per share for the last 12 mths
NAV Net Asset Value
N/M Not Meaningful
FINDEX The Fidelity Bahamas Stock Index January 1. 1994 = 100

* 29 June 2007
" 30 June 2007
* 31 May 2007
S- 30 April 2007

." 30 June 2007

1 FOR MORE DATA & INFORMATION CALL (242) 394-2n3:- ..

an unfavourable interest spread
faster. The interest earned on
the money in the fund is less
than that on the preference
share debt.
Class A shareholders will see
their principal redeemed in
instalments at the end of 2007,
2008 and 2009, while Class B
shareholders who account for
63 per cent of the preference
share debt will only start see-
ing their principal returned in
2009, with payments spread
over four years.
From an operational stand-
point, Mr Watchorn said the
main focus was the conversion
of the group's Abaco-based
Cost Right store into a full club
store model. Work had been
done on the store's product mix,
and an order for all the refrig-
eration equipment had been
placed, with Abaco Markets
hoping to have the outlet "up
and running before Christmas".
"We know we still have work
to do. There's always room for

improvement and things to take
advantage of, but we're pleased
about where we've come from
over the last 12 months," Mr
Watchorn said.


Electricity costs for Abaco
Markets in the fiscal year that
ended on January 31, 2007,
were 25 per cent higher than
the previous year, and Mr
Watchorn said the company's
capital expenditure for 2008-
2009 would allocate a budget
for bringing in "more energy-
efficient equipment" to combat
the effects of rising global oil
He added that while electric-
ity costs for the year-to-date
were slightly down on last year,
higher oil prices were "here to
"Other than that, we're main-
taining costs and increasing
sales. It's a good combination,"
Mr Watchorn said.






-NOTICE ...... -

The Quieting Titles Act 1059 Chapter 367.


ALL THOSE pieces parcel or lots of land comprising
portions of Lots 9, 23 & 92 and being of admeasurements
29,002 square feet and being portions of the Marsh Harbour
Crown Allotments located on the Southern shoreline of
Marsh Harbour and being bounded clockwise as follows:
NORTHWARDLY by Bay Street and running thereon One
Hundred and Twenty and Eight Hundredths (120.08) feet
more or less WESTWARDLY by land belonging to the
Petitioner and running thereon Seventy-five (75) feet
NORTHWESTWARDLY by property of the Petitioner
and running thereon irregularly for Seventy and Fifteen
Hundredth (70.15) feet more less WESTWARDLY by
property said to be the estate of the late George Archer
and running thereon irregularly for One Hundred and
Thirty-five and Fifty-eight Hundredths (135.58) feet
more less SOUTHWESTWARDLY by the property of
Cynthia Smith and running thereon Eight-six and Sixty-
two Hundredth (86.62) feet EASTWARDLY by parcel of
private property and running thereon Fifty-six and Ten
Hundredths (56.10) feet SOUTHWARDLY by the said
private property and running thereon for Ninety-nine
and Twenty-two Hundredths (99.22) feet EASTWARDLY
by land of the Estate of E. I. Lowe and running thereon
One Hundred and Ninety-one and Seventeen Hundredth
(191.17) feet which said piece parcels or lots of lands have
such shape marks boundaries and dimensions as are
shown on the diagram or plan filed with this Petition.

(a) The Registry of The Supreme
Court, Freeport, Grand
Bahama Commonwealth of
The Bahamas.

The Chambers of V. Alfred
& Company, 21A Kipling
Building Freeport Grand Bahama,

The Administration's Office
Marsh Harbour, Abaco,
The Bahamas

NOTICE IS HEREBY GIVEN that any persoxi
or persons having dower or right of Dower or an
Adverse Claim not recognized in the Petition shll
on or before the 28th day of August, A.D. 2007
file in the Supreme Court of the Commonwealth of
The Bahamas aforesaid and serve on the Petitioner or
the undersigned an Adverse Claim; Non comlAiance
with the NOTICE will operate as a bar to such' daim.

Dated this 20t day of June A.D. 2007.

Freeport, Grand Bahama
The Bahamas

Attorneys for the Petitioner

(b) .



NOTICE is hereby given that CHARMAINE LATOYA
BAHAMA, BAHAMAS is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should
not be granted, should send a written and sighed statement
of the facts within twenty-eight days from the 13th day
of July, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.


) I-,- faihj


. 11 z , . -. . . I - ., .- .


I Mt I MtlUlyNt-

CL/Qui/No. 0142

q ,


FRIDAY, JULY 13, 2007, PAGE 9B

S6*00 *

FROM page 1

Mr Smith. Bahamas-based engi-
neer, Keith Bishop, who owns
his own company, Islands by
Design, is having to pursue legal
action against a US company,
Cay Clubs & Resorts, over its
C alleged failure to pay him for
environmental and engineering
'U work related to their failed
attempt to acquire Walker's
Cay in Abaco.
'-' Although Cay Clubs &
.-; Resorts is denying the allega-
, tions against it and previously
told The Tribune it was going
to defend the action, Mr Bishop
is being forced to take legal
-" action in the US because the
. company has no assets here.
cj When its deal to purchase
Walker's Cay fell through, the
-r ,company reclaimed its deposit
- and left no assets for Mr Bishop
.x to apply the default judgement
he won in the Bahamian courts
In addition, Mr Ilishop has
also taken court action that
secured a lien over any sale of
the Grand Bahama-based
Bahamas Film Studios, again
over alleged unpaid environ-
Smental and engineering work.
The Bahamas Film Studios,
'which are for all intents and
purposes closed as its owner
attempts to sell the property,
'has a structure through which
it is controlled by a variety of
holding companies Gold Rock
Creek Enterprises, Ashby
(Bahamas) all the way up to
the Ashby parent, which is
domiciled in Bermuda out of
the reach of this nation's courts.
The Bahamas Film Studios
', owe at least $1 million to a vari-
, ety of Grand Bahama-based
, suppliers and businesses, who
have no hope of claiming them
: against the project's assets,
Supon which an insurance com'-
pany has first claim. The land
upon which the project is sited

is leased from the Government,
so no collateral there, and there
are numerous other legal
actions in which the Bahamas
Film Studios are embroiled.
Mr Smith said that Bahamian
businesses were "liable to be
left holding the bag with no
recourse if the shell company
stops doing business, providing
no protection to creditors".
Many investors establish
Bahamas-based companies,
either International Business
Companies (IBCs) or domestic
ones, to act as holding vehicles
for their projects here, but no
not vest assets in them.
Often, these companies just
act as holding vehicles for a

specicif part of the overall
development, and are treated
as special purpose vehicles
(SPVs) or off-balance-sheet
"To my mind, any foreign
business that wishes to do oper-
ate or do business in the
Bahamas should operate in its
own name, and not through
some empty shell company that
is created for a special purpose
- for entering into, or doing
business, in the Bahamas," Mr
Smith said. "Unless these shell
companies do have assets to
back them or put up a perfor-
mance bond, Bahamian busi-
nesses have no recourse in the
event of a breach of contract or

Prestigious Private Island Resort has immediate positions
available for the following:

1 Housekeeping Supervisor (a minimum of seven
years experience in supervisory position in major

2 Housekeepers

1 Captain/Maitre'd (Formal/gourmet dining room
experience and table side preparation)

1 Seasonal Executive Chef (five to ten years
Caribbean experience and knowledge of
European/American Cooking)

2 Cafeteria cooks/attendants (three to five years
experience in a major hotel)

Competitive salary commensurate with experience and
qualifications. Free housing and other benefits available.

Interested pesons should fax resume to 242-347-'5004 or
e-mail to tstewart@catcayyachtclub.com

failure to pay. "As we envisage
investment profiles and devel-
opment from abroad and with-
in the Bahamas, I think our leg-
islators should develop protec-
tions for Bahamian suppliers of

Plate: # 2172
Plate: # 2174
Plate: # 1609
Plate: # 1997
Plate: # 1999

goods and services so that com-
panies from abroad operating
here without assets do not put
local companies into bankrupt-
As the Bahamas was "not

2000 Nissan Wagon
2000 Nissan Wagon
1995 Nissan Wagon
Daewoo Damas
Daewoo Damas

These vehicles can be viewed by contacting Mr. Ted Bain at the
Ministry of Education, Youth, Sports and Culture between the hours of
9:00am and 5:00pm. Monday thru Friday at telephone number 502-0600/1,

Sealed tenders are to be submitted no later than 5:00pm July 20, 2007
and addressed:

Tender For Vehicles
Permanent Secretary
P.O. Box N-4891
Nassau, Bahamas

The Permanent Secretary reserves the right to reject any and all

Permanent Secretary
Ministry of Education, Youth, Sports and Culture

plugged into the US credit rat-
ing system", any default on debt
repayments or their subsidiary's
obligations here had no impact
on the credit rating of US par-
ent companies, Mr Smith said.

Ministry of Education, Youth,

Sports and Culture

The following vehicles are offered For Sale:-



BSI Overseas (Bahamas) Limited, Nassau, Bahamas, an established
international private bank, with its headquarters in Lugano, Switzerland,
is presently accepting applications for


Applicants for the position of Head European External Asset Managers
within the Private Banking Unit must have Banking or Financial education
and at least 10 years experience in the offshore banking sector, well versed
in managing relationships with Professional Asset Managers, fluent in
Italian and English, good knowledge of French, ability to manage projects,
perform reviews to minimize risks, efficiency oriented, lead small team of
Private Banking Relationship Officers, maintain relationships with other
units and third parties and have knowledge of local legislation, regulatory
& statutory matters as well as international banking practices.

Personal qualities:
Goal-oriented, self-motivated, positive attitude and outlook
Strong in problem solving, investigative
Customer service oriented
Must be able to work under pressure
Commitment to quality and service excellence
Commitment to continuous training and improvement of allocated
Organisational skills
Flexibility in office hours and hands-on approach when necessary


Manage team
Review relationships with counterparts
Develop allocated client segment
Direct involvement with External Asset Managers' clients
Foster and maintain communication with internal/external banking
Meet deadlines on timely basis

Interested persons with such qualifications should submit their
resume/curriculum vitae to:-

Human Resources Manager
BSI Overseas (Bahamas) Limited
Bayside Executive Park, W. Bay St. & Blake Road
P. 0. Box N-7130
Nassau, Bahamas
Fax no. (242) 702 1253 or email:

Only applicants having the above attributes will be contacted.

Job Description

Job Title: Production Shift Supervisor

Department: Production

The Production Shift Supervisor shall report to the Production Manager and must be familiar
with, understand and operate according to the relevant elements of the Coca Cola Quality System.

Main Duties & Responsibilities:

The Production Shift Supervisor shall be responsible for the operations of the Production plant
during the respective production shift. Duties shall include but not be limited to the following:

1) Ensuring that production targets are met by providing adequate guidance and
supervision to Operations, Maintenance Supervision & Syrup Room Attendants.

2) Assisting with the planning and setting of production targets.

3) Liasing with all departments to ensure that all raw materials and semi finished
product requirements as well as quality, safety and efficiency standards are
adequately met.

4) Liasing with external and internal sanitation crews with respect to production.

5) Ensuring that all Production transactions are completed at the end of each shift.

6) The generation of comprehensive and concise shift reports at the end of each
production shift for management review.

7) Ensuring adherence to Good Manufacturing Practices.

8) Identifying staff training requirements and assisting with the training.

9) Performing other reasonable job related duties may be assigned by management.

Qualifications & Experience

Tertiary education in a Science discipline

A minimum of three years experience in a supervisory capacity in a manufacturing environment

Core Competencies:

Good working knowledge of production processes.
Good working knowledge of bottling machinery and services.
Good problem solving and communication skills
Good leadership and team building skills.
Computer literacy

Please submit resume to:

The Human Resources Manager
P.O. Box N-1123
Nassau, Bahamas

Or by email to:
On or before Friday, July 27th 2007.

PAGE 10B, FRIDAY, JULY 13, 2007



Calvin & Hobbes

South dealer.
Both sides vulnerable.
6A 82
V9 862

"- Contract Bridge

By Steve Becker

Famous Hand

VA 103

*Q 1065
*AQ 10
+QJ 103
The bidding:
South West North East
1 + Pass 1 V Pass
1 NT Pass 3 Pass
3 NT
Opening lead three of spades.
A defender has an obligation to
do everything he possibly can to pre-
vent his partner from making a mis-
take. Many defensive errors can be
traced to the failure of one defender
to clarify. a situation for his partner,
presenting him instead with an
opportunity to go wrong.
Consider this deal from the match
between Uruguay and the' United
States at the 1984 World Team
Olympiad. Playing against Bob
Hamman and Bobby Wolff, East-
West for the U.S., .the Uruguayan
declarer got to three notrump as
Wolff led the three of spades, and


it would have been entirely normal
for Hamman to win with the king
and return the jack. In fact, it might
even be called standard operating
procedure. In that .case, after South
covered the jack with the queen,
Wolff most likely would have won
with the ace and returned a spade,
hoping his partner had started with
K-J-10-x. These plays would effec-
tively have scuttled the defense,
since declarer's only losers would
then have been two spades, a heart
and a club.
But Hamman realized from
Wolff's fourth-best lead of the three
that his partner had at most five
spades, which meant declarer had to
have four spades something Wolff
couldn't possibly know (South had
failed to bid one spade over one
Hamman also knew that declarer
could not possibly make three
notrump without first losing a trick to
either the ace of hearts or king of
clubs. Accordingly, at trick one,
Hamman played the jack of spades
instead of the king! He deliberately
played the "wrong" card because,
from his vantage point, it was the
right card to play.
And, as usual, Hamman, one of
the world's best players, was right.
Declarer won the jack with the queen
and immediately tried a club finesse.
Hamman won with the king, played
the king and another spade, and the
defense quickly gathered six tricks to
put the contract down two.

.... - ':-< '7- HOW many words of
y' ^a'g "~---5w *M CA.t,<.o c four letters or more
can you make from the
rIGER letters shown here? In N I
making a word, each
eAMM/. rL,"e l6t,'I4" i" t1 "letter may be used once
WM 00FTO j7gg [ k gI only Each must contain S
the centre letter and
[ M ri (U&iA Las lOU Bthere must be t least

CI: one nine-letter word. No
ending in "s", no words M T
with initial capitals and
no words with a hyphen or apostrophe permitted.
The first word ofa phrase is permitted (e.g. inkjet in
SInkjet printer).
W .. -.r.... ,,,W-- Good 10; very good 15; excellent 20.
Solution tomorrow.

1 FO, irie lame tne enaige wll rbe
3aoul a pound 16)
7 A iempesrluOu ,areea IS Onlyh
ra3lurul (6
8 Mucr.i ire same as non I mid 141
10 Son i r ullier you See 16)
S1 Tr gel j Iiesire i5 nri eiaClly
i.TpIC |I6)
14 Heujverii Ttria,4L.- 1, liriale 1i
16 LCjnder,.rretyt,' r.,.j C[u rul inr
p rlan Ergiiri11 iSi
17 Ti ici1 luire jri m pot ;ily I41
19 Couli liatCdl ,:r reh| rii|
21 Tre rrier d'rn Ce ire

22 11i 4 u tionrr,3 y [ou io "irri -
a hille il
23 LOrng o i r 3 li 3 ole 'ic
coriclu o,' 14 I
26 Tru [r., fterr jice r i.l nel1' li51
28 vernile I. nr,.:r, 10 i c.c ipi, 131
29 II kh:,. 1 im,' Dne6.g 1 0 ,i (61i
30 Buii' e c;j.eed luiO jbOuul twt irardsi 01
a lap ti
31 Deily wn 3 love l i nuice '(4 1
32 Courorllri r.on iTaide firrdiplomrjy D)
Ine head ul 1ilaI 181
33 rou ri, e rm. iTiric 3e i'r& ,.Tr IC,,

Yesterday s crplic solutinon
ACROSS I Cji;.ol6 ,i y9 Vi ,i. .; i, u C ued, II I .]
1r' ] I 1 He3 deIt I1, L. 1 ,I .i, i l me.,- 1. I 1
JOke, 'J il0 2 ,. i & 2 LL :4 E3l L uIl ,e t .
i7elia'' '8 Pjl o Pe i*.e uLui I,.
p'n i 31 Tai., I
DOwN Atui.r. J .end O 4 Lid 5 Elu'. i .
ei 7, Ile 6, i'iaves 12, B-RF-ook 1, -lo.-ube 14, neil 1I5,
Lives 16, Telly 18, Re-mus 19, Ja-veli-n.21, Tartan
22, Strata 23, Legion 25, Clues 26, S-ago 28, Pu-t

1 A miTie .abuioperal.e'' Iil
2 Tr.e,i ra.,e c& Ou, E 'E.i ,r, cuil.3iru Ift
3 WVere .lt ;lw y in lug' tl4
4 pr er edr, t, ir c -i ruc.s i, '
5 r,, 'fe r,1 Irte 'ure1 5SI
6 C led up'),n iro,'] ,. ,Te rarred 151
8 Tirr uiiTuile r l.,i tfor-. iring tal

,T rp r r. e, ,:e J i ul r

12 imow ,'cr :e r id, r, ,rn Ii trT, i
1 3 T e.C ji 1l r -a le l r N c;r..' .,.I 1 "..t

,Tic[.a,,J V' l ] 21
2 r Ra urjl ou t'i, ji i. In
1 9 LT il r,:,o 1 I
20 6 C up 'u i 3ir r )e,T,e ir.jle:.l 3i
21 H

32 Tr..e-, r rr. t.
.24 ,.i II, ,e 1,i
26 i-- 3r, ,I i oil iri ,:,:,rp,-,,l

2 7 L E j r, i ri A,e r "1-1.: ].ri i i.) ri.i p ,u

. r i,...Cl,p I [,,,, ,:.dil (j
,,:.,.J |.:.[. "* 1 1

esIte.day i euSy iolutmCrnS
auH S i I La:l r 1 7i 31i .i...i.j 10, Scorn 11, Noose
i.' H.-.ei I T.pr, .ed I4. L i I Reps 18, Marine 19,
':i i.) c.,~, ; 2,2 -4 oi 5, Coroner
r. 'p.duj I,.. -. i ,-.u1 29 Denizen 30,
E, 71., 31 Te,,. I
OWn E,',. ,:. j,:,Jp. i Tjr. 5, Towed 6, Renewal 7,
IC10o1 Listenr 12,ents 13, Trasn 14, Apart 15, Liken
16, Debar 18, Manor 19, Steepen 21, Porter 22,
Bovine 23, Tenure 25, Cabin 26, Code 28, Met

1 Plays dishonestly (6)
7 Nonsense (8)
8 Fish (4)
10 Purloined (6)
11 Procession (6)
14 Moist (3)
16 Equestrian (5)
17 Rage (4)
19 Detested (5)
21 Type of
element (5)
22 Send (5)
23 Gusted (4)
26 Wild (5)
28 Snake (3)
29 Creature (6)
30 Shameless (6)
31 Relax (4)
32 Crook (8)
33 Examined (6)

1 Second drink (6)
2 Trinket (6)
3 Peruse (4)
4 Dress (7)
5 Baked
food (5)
6 Shoe part (5)
8 Urban area (4)
9 Mesh (3)
12 Free (3)
13 Thick (5)
15 Dead language (5)
18 Poplar (5)
19 Border (3)
20 Rubbish (3)
21 Skin pigment (7)
22 Male sheep (3)
23 Brags (6)
24 Idle (4)
25 Cringed (6)
26 Fiasco (5)
27 Stiff (5)
28 Undergarment (3)
30 Fashion
accessory (4)

' a i

o -
C E-


Horoscope ,


*JULY 13
ARIES Mar 21/Apr 20
Nosy neighbors try your patience,
Aries. Be civil; you don't waht to
cause any battles. Talk over your con-
cerns in a calm but direct way. You
may find the problem disappears.
TAURUS Apr 21/May 21
Your supervisor has spoken to you
about a disciplinary issue. Rather than
take offense, heed the advice and use
the conversation as a way to better your
work at the company.
GEMINI May 22/Jun 21
A confrontation at home catches you
off guard, Gemini. Rather than plan
your defense, listen carefully to what
this person has to say and voice your
opinion rationally.
CANCER Jun 22/Jul 22
You've finally made the decision to
uproot and move, Cancer. With spring
around the comer, this is a good time to
dabble in the real estate market. Spend
time working on home curb appeal.
LEO Jul 23/Aug 23
A friend in need is weary about con-
fronting you for advice. Give off sig-
nals that you're open and willing to
be a "shoulder to cry on." Good for-
tune arrives on Thursday.
VIRGO Aug 24/Sept 22
Stop beating yourself up about a pro-
ject you weren't able to master, Virgo.
You excel in plenty of other things. Set
your sights on a new challenge a.nd
you'll be pleasantly surprised. ,
LIBRA Sept 23/Oct 23 '
Fights at home have gotten out of con-
trol, Libra. You have to learn how to
grow up and respect others' feelings.
By throwing temper tantrums you'll
just make more enemies.
SCORPIO Oct 24/Nov 22
It's been difficult balancing work
and family life lately, Scorpio. You
may have to make the decision that
one will win out over the other. This
is the time for deep thinking.
You can't be everyone's friend all
of the time, Sagittarius, so stop
trying. Focus on those people.who
genuinely respect you for the-per-
son you are.
CAPRICORN Dec 22/Jaii 20
Confrontations with Pisces leave you
frazzled and at your wits' -end.
However, you don't have the luxury
of making a quick escape. You'll
have to ride this one out.
AQUARIUS Jan 21/Feb,18
Projects at home keep you busy for a
few days, Aquarius. Just think them
through before acting or else l you
might end up with half-finished
work or a big mess.
PISCES Feb 19/Mar 20;
Take a more assertive role at work,
Pisces. Establish that you can be
relied upon and get the job done in a
satisfactory manner.

CHESSby Lenard.arde

Kevin Spraggett v Pierre Fogel,
Gibtelecom Masters 2007.
Spraggett is Canada's top player,
but it is nearly 20 years since he
was a world title candidate and
rust showed at Gibraltar. Here
he has just offered a bishop at
h5 with multiple threats like Rf1
winning Black's queen or Bxg6+
exposing the king, but his
unknown opponent's response
was so strong that the GM had
to resign. What was Black's one-
move knock-out?



Chess solution 8357: 1.. Ne3! stops Rfl and Qd4+,.
and threatens Nxdl. Rxc2, or (if 2 el) OQxc2 and
Qxb2 mate
Mensa quiz: a) Makeshift b) Modem c) Mislead
One possible word ladder solution is: DIET. died,
tied, toed, told, fold. FOOD

I -

28 HoiJ
30 re ,





S...,, .. ., -007, PAGE 11 l

JULY 13, 2007

7:30 8:00 8:30 9:00 9:30 10:00 10:30

Issues Round- Washington McLaughlin Bill Moyers Journal (N) n (CC) May to Decem- The Vicar of Di-
0 WPBT table discussion. Week (N) 0 Group N) (CC) ber Zoe tries to bley "Songs of
(CC) regroup. Praise" (CC)
The Insider (N) Jericho "Return to Jericho" A recap Jericho Jake, Johnston, Dale and NUMB3RS When a missing officer's
0 WFOR 7 (CC) of the first 11 episodes. f, (CC) Heather search for equipment to fix badge turns up, Don's team reopens
the local windmill. T (CC) a 17-year-old case. (CC)
Access Holly- 1 vs. 100 One contestant battles Las Vegas "Delinda's Box" Ed and Law & Order: Criminal Intent A
SWTM VJ wood (N) (CC) 100 to win $1 million. n (CC) Danny have 12 hours to save Delin- judge's son is found dead after his
da from her kidnappers, father sentences a rap star.
Deco Drive Drive Alex, Corinna, Winston and Drive "Rearview" Corinna and Alex News (N) (CC)
* WSVN Sean deal with the ramifications of devise a dangerous plan to gain in-
their jump-start. (N) f (CC) formation about the race.
Jeopardy! (N) George Lopez George Lopez Greek "Pilot" College freshman 20/20 Fear of the dark side. (N) ,
9 WPLG (CC) Benny depends Angle smother Rusty sets his sights on joining a (CC)
on testimony, passes away. prestigious fraternity. n (CC)

(:00) CSI: Miami CSI: Miami "SpringBreak" A girl is CSI: Miami "Tnder Box" A fire at a Intervention "Sylvia" Sylvia needs
A&E Grave Young found dead on the beach during popular night club claims 16 lives. an intervention to get her life back
Men" f (CC) spring break. A (CC), n (CC) together. (CC)
Hardtalk Extra BBC News World Business BBC News Our World New BBC News World Business
BBCI (Latenight). Report (Latenight). feature of the (Latenight). Report
Arctic map.
BET Hell Date (CC) THE SEAT FILLER (2004) Kelly Rowland, Duane Martin. A man pretends Baldwin Hills Baldwin Hills
to work in show business while dating a singer. (CC) (CC) (CC)
CBC Coronation Royal Canadian Halifax Comedy Intelligence "Pressure Drop' (CC) CBC News: The National (N) (CC)
Street (N) (CC) Air Farce (CC) Fest(CC) (DVS)
:CN00) On the Fast Money 2007 Heads-Up Poker Tournament The Big Idea With Donny Deutsch
CNBC Money
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CNN tion Room
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COM in Four Cameras" ex. (CC) Show "Pretty Presents Jon Presents Jeff Presents Doug
(CC) Woman." (CC) Reep. (CC) Cesario. Benson.
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(CC) grounded. (N) Super Twins" "Sink or Swim" (CC) "Graduation
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E! The Daily 10 (N) 20 Most Horrifying Hollywood Murders Murders of celebrities. The Soup (N) Half Year Best
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ESPN (CC) City. (Live) (CC)
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ESPNI man Cup (N) lite event from Las Vegas. Oka. Live) (CC)
EWTN Daily Mass: Our The World Over Life Is Worth The Holy Rosary Defending Life Voices on Virtue
EWTN Lady Living
FTI TV (00) Cardio Fitness Fantasy Fitness Fantasy Body Challenge Health Cops: Sentenced to Health
FITTV Blast "IMAX 2" (CC) (CC) (CC)
O C Fox Report- The O'Reilly Factor (Live) (CC) Hannity & Colmes (Live) (CC) On the Record With Greta Van
C hepard Smith Susteren (Live) (CC)
FSNFL 00 MLB Baseball Washington Nationals at Florida Marlins. From Dolphin Stadium in Mia- Around the The FSN Final
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GOLF PGA Golf: Nationwide Tour -- Chil- PGA Golf John Deere Classic -- Second Round. From the Tournament Players Club at
GOLF dren's Hospital Invitational Deere Run in Silvis, Ill.
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G(CC) (CC) (CC)
G4Tec 00h E3 '07 Code Monkeys Code Monkeys E3'07 Live"Day 3" Interviews, game demos.
G4TeCh Live Day 3" "The Woz" "E.T."
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HALL Texas Ranger Ranger" Walker encourages a tal- thia Watros. A bounty hunter seeks revenge against a murderous
"Paradise rail" ented 16-year-old to sing. (CC) landowner. (CC)
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(CC) day (CC) Truth ,
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Still Standing Reba Reba pur- Reba Cheyenne THE OBSESSION (2006, Suspense) Daphne Zuniga. A man dates a
LIFE Judy's Mothers sues a career in is deprived of woman to get closer to her daughter. (CC)
Day tradition, real estate. (CC) Van's attention.
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(W00) America's x DEEP RISING (1998, Suspense) Treat Williams, Famke Janssen, WGN News at Nine (N) A (CC)
WGN Funniest Home Anthony Heald. Jewel thieves face a deadly monster in the South China
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n (CC)
Jeopardy! (N) Dr. Phil A prison mom's children. News (N) Jeopardy! (CC) Frasier Frasier Frasier f (Part
WSBK (CC) (N)f (CC) uses his dad to 2of2)(CC)
get a date. (CC)
Assume the Po- * THE DEVIL WEARS PRADA (2006, Comedy) Meryl Streep, Anne Entourage Billy Entourage Dra-
H BO-E sition 201 With Hathaway, Adnrian Grenier. A recent college graduate lands a job at a and Eric clash on ma plans a party
Mr. Wuhl (CC) fashion magazine, n 'PG-13' (CC) the set. (CC) for Vince.
(6:00) t** EX- *** SLITHER (2006, Horror) Nathan Fillion, Eliza- (:45) ** DOMINO (2005, Action) Keira Knightley,
H BO-P TREME MEA- beth Banks, Michael Rooker. Alien organisms infest a Mickey Rourke, Edgar Ramirez. Thrill-seeker Domino
SURES (1996) small town. f 'R' (CC) Harvey becomes a bounty hunter, n 'R' (CC)
(:45) * HARRY POTTER AND THE GOBLET OF FIRE (2005, Fantasy) Daniel Radcliffe, Rupert Grint, Assume the Po-
HBO-W Emma Watson. Voldemort lays a trap for Harry at the Triwizard Tournament. n 'PG-13' (CC) sition 201 With
Mr. Wuhl (CC)

(:15) ** FORCES OF NATURE (1999) Sandra Bul- Big Love "Vision Thing" Bill is ** SYRIANA (2005, Drama)
H BO-S lock, Ben Affleck. A groom hurries to his wedding, with drawn to an attractive waitress. f George Clooney, Matt Damon, Jef-
a fellow traveler. f 'PG-13' (CC) (CC) frey Wright. ta 'R' (CC)
(6:30) *A0 THE (:15) * THE LAKE HOUSE (2006, Romance) Keanu Reeves, San- *** SUPERMAN RETURNS
MAX-E WICKER MAN dra Bullock, Shohreh Aghdashloo. A doctor and a frustrated architect fall (2006) Brandon Routh. The Man of
(2006) 'PG-13' in love across time. t 'PG' (CC) Steel faces an old enemy. (CC)
* x THE OH IN OHIO (2006, Comedy) Parker * MIAMI VICE (2006, Crime Drama) Colin Farrell, Jamie Foxx, Gong
MOMAX Posey, Paul Rudd, Danny DeVito. An unsatisfied Li. Detectives Crockett and Tubbs take on drug lords in South Florida. f
woman seeks sexual fulfillment. ,f 'R' (CC) 'R' (CC)
(:00) ***x CAPOTE (2005, Biography) Philip Sey- Meadowlands (iTV) Evelyn learns a IN THE MIX (2005, Comedy-
SHOW mour Hoffman. iTV. Writer Truman Capote researches shocking truth n (CC) Drama) Usher Raymond. TV Pre-
a family's murder. ft 'R' (CC) miere. n 'PG-13 (CC)
(6:45) *x BEAUTY SHOP * h MIMIC 3: SENTINEL (2003, Horror) Kadr Geary, * SAW II (2005, Horror) Donnie
TMC (2005, Comedy) Queen Latifah. ft Alexis Dziena. An invalid witnesses giant bug attacks Wahlberg, Tobin Bell, Shawnee
GPG-13' (CC) from his window. f 'R' (CC) Smith. 'R' (CC)

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'9 FW F C

High:910 F/33C

t* '

Partly sunny and hot. Partly cloudy and Periods of sun with a Partly sunny, a Periods of sun, a Clouds and sun, a
warm. thunderstorm. t-storm possible, t-storm possible. t-storm possible.
High: 900 High: 900 High: 900 High: 900
High: 920 Low: 80 Low: 76 Low: 76 Low: 76 Low: 76

S 105 F I 88 F I 100-82 F 100-84 98-84 F I 98-84 F
The exclusive AccuWeather RealFeel Temperatures is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and
elevation on the human body-everything that effects how warm or cold a person feels. Temperatures reflect the high and the low for the day.

High: 91*F/33* C

Low:79*F/26 C

Low 80'F/27*C

High: 90*F/32" C
Low:80*F/27" C

High: 89F/32* C
Low: 82* F/28* C

Shown is today's weather. Temperatures are today's
highs and tonight's lows.

High Low
91/32 69/20
65/18 53/11
90/32 69/20
84/28 61/16
84/28 64/17
85/29 64/17
74/23 55/12
92/33 72/22
76/24 62/16
74/23 58/14
92/33 74/23
87/30 60/15
78/25 59/15
89/31 76/24
95/35 75/23

W High Low
pc 93/33 68/20
c 67/19 53/11
t 84/28 69/20
t 84/28 69/20
t 86/30 63/17
pc 78/25 64/17
t 79/26 63/17
t 88/31 74/23
pc 84/28 62/16
t 83/28 63/17
t 86/30 71/21
t 93/33 61/16
pc 82/27 62/16
s 89/31 77/25
pc 90/32 75/23

Kansas City
Las Vegas
Little Rock
Los Angeles
New Orleans
New York
Oklahoma City

High Low
84/28 60/15
94/34 73/22
86/30 66/18
107/41 81/27
89/31 71/21
82/27 64/17
84/28 64/17
86/30 74/23
90/32 79/26
80/26 65/18
86/30 65/18
92/33 75/23
85/29 68/20
84/28 70/21
94/34 75/23

Low:.79* F/260 C

High:92* F/33*C
Low: 81" F/270 C

W High Low
PC 85/29 64/17
t 89/31 73/22
pc 90/32 69/20-
s 108/42 86/30
t 88/31 69/20
pc 84/28 64/17
pc 89/31 71/21!
t 89/31 72/22
t 90/32 77/25
pc 82/27 62/16
t 88/31 69/20
t 91/32 76/24
t 83/28 73/22
t 84/28 67/19
t 93/33 75/23

High: 92F/33" C
Low:.80" F/27*C


High Low
Philadelphia 87/30 66/18
Phoenix 107/41 87/30
Pittsburgh 76/24 58/14
Portland, OR 86/30 62/16
Raleigh-Durham 90/32 64/17
St. Louis 84/28 69/20
Salt Lake City 95/35 70/21
San Antonio 95/35 75/23
San Diego 74/23 66/18
San Francisco 73/22 58/14
Seattle 82/27 0/15
Tallahassee 96/35 74/23
Tampa 91/32 77/25
Tucson 98/36 80/26
Washington, DC 88/31 65/18

Statistics are for Nassau through 2 p.m. yesterday
High .................. ................ 930 F/34* C
Low ................................................. 840 F/29 C
Normal high ................................... 880 F/31* C
Normal low ..................................... .75* F/24 C
Last year's high ............................... 88* F/31* C
Last year's low ............................... 74 F/230 C
As of 2 p.m. yesterday ............................. 0.00"
Year to date ............................................. 34.48"
Normal year to date ............................... 20.97"

Low:80 F/27 C

Low: 81"F/27C

T.;' -s^

High:89 F3
Low: 75"F24

W High Low
t 83/28 69/20-
pc 110/43 87/30
t 78/25 62/16
pc 84/28 62/16
Pc 88/31 69/201
pc 92/33 72/22
s 99/37 72/22
s 91/32 75/23
pc 76/24 66/181
pc 71/21 58/14
t 80/26 61/16-
t 89/31 72/22
t 91/32 77/25 1
pc 101/38 78/25
t 87/30 71/21

All forecasts and maps provided by -
AccuWeather, Inc. 2007

The higher the AccuWeather UV IndexT number, the
greater the need for eye and skin protection.

High Ht.(ft.) Low Ht.(ft.)
Today 7:28 a.m. 2.4 1:30 a.m. 0.0
7:58 p.m. 3.2 1:20 p.m. -0.1
Saturday 8:20 a.m. 2.5 2:20 a.m. 0.0
8:48 p.m. 3.1 2:14 p.m. -0.1
Sunday 9:10 a.m: 2.6 3:07 a.m. 0.0
9:35 p.m. 3.0 3:05 p.m. -0.1
Monday 9:56 a.m. 2.6 3:51 a.m. 0.0
10:18 p.m. 2.9 3:53 p.m. 0.0

Sunrise ...... 6:28 a.m. Moonrise ..... 5:17 a.m.
Sunset....... 8:03 p.m. Moonset .....7:43 p.m.
New First Full Last

Jul. 14 Jul. 22 Jul. 29 Aug. 5

High: 89F/32" C
Low: 74 F/23" C

Low:r76 F/24" C


Low:.76 F24C
LAND Higt:7*F/332"C
*1N Low:75*FIWC 4

32 C



High Low W
Aapulcom 90/32 79/26 pc-
Amsterdam 72/22 63/17 t
Ankara, Turkey 88/31 54/12 s
Athens 86/30 70/21 s
Auckland 57/13 44/6,pc
Bangkok 89/31 79/26 t
Barbados 88/31 79/26 s
Barcelona 76/24 63/17 s
Beijing 87/30 76/24 pc
Beirut 76/24 74/23 s
Belgrade 81/27 60/15 pc
Berlin 70/21 55/12 c
Bermuda 04/28 76/24 pc
Bogota 64/17 48/8 pc
Brussels 72/22 61/16 t
Budapest 82/27 63/17 pc
Buenos Aires- 5211 39/3 pc
Cairo 97/36 75/23 s
Calcutta 93/33 87/30 t
Calgary 88/31 57/13 s
Cancun 90/32 75/23 pc
Caracas 82/27 68/20 pc
Casablanca 90/32 79/26 s
Copenhagen 70/21 54/12 c
Dublin l 63/17 54/12 r
Frankfurt 73/22 60/15 c
Geneva 82/27 55/12 pc
Halifax 78/25 60/15 pc
Havana 90/32 75/23 t
Helsinki 70/21 52/11 c
Hong Kong 92/33 82/27 pc
Islamabad 102/38 81/27 pc
Istanbul 77/25 65/18 s
Jerusalem 85/29 59/15 s
Johannesburg 66/18 37/2 s,
Kingston 90/32 79/26 t
Lima 64/17 56/13 s
London 73/22 57/13 t
Madrid 93/33 64/17s
Manila 84/28 78/25 t
Mexico City 77/25 54/12 t
Monterrey 99/37 75/23 s
Montreal 74/23 60/15 t1
Moscow 87/30 63/17 pc
Munich -72/22 54/12 c
Nairobi 76/24 46/7 pc
New Delhi 88/31 81/27 t
Oslo 70/21 55/12 r
Paris 81/27 68/20 pc
Prague 71/21 58/14 c
Rio de Janeiro 79/26 70/21 pc
Riyadh 108/42 89/31 s
Rome 82/27 61/16 s.
St. Thomas 90/32 80/26 s
San Juan 61/16 28/-2 s
San Salvador 88/31 70/21 t
-Santiago 52/11 28/-2 r
Santo Domingo 90/32 75/23 pc
Sad Paulo 72/ 2 59/15 po
Seoul 84/28 63/17 c

Sydney 58/14 44/6 pc
Tapei92/33 80/26 c
.Tokyo 77/25 69/20 r
Toronto 70/21 54/12 t
Trinidad 88/31 66/18 pc
Vancouver -< 78/25 62/16 pc
Vienna 76/24 59/15 pc
Winnipeg 74/20 57/14 tc
Winnipeg 74/23 58/14 t

High Low W
88/31 79/26 pc
77/25 59/15 c
84/28 48/8 s
88/31 72/22 s
55/12 46/7 c
91/32 78/25 t
86/30 76/24 pc
75/23 61/16 s
87/30 76/24 pc
76/24 74/23 s
89/31 66/18 s
84/28 68/20 pc
82/27 75/23 pc
63/17 48/8 sh
82/27 60/15 pc
87/30 64/17 pc
55/12 41/5 s
96/35 71/21 s
94/34 87/30 t
84/28 57/13 t
91/32 76/24 t
82/27 68/20 pc
91/32 82/27 pc
71/21 58/14 c
66/18 54/12 pc
86/30 68/20 pc
85/29 56/13 s
75/23 59/15 pc
87/30 72/22 t
75/23 52/11 c
90/32 81/27 pc
101/38 79/26 pc
83/28 67/19 s
81/27 61/16 s
61/16 39/3 S
89/31 79/26 pc
67/19 58/14 s
77/25 57/13 c
97/36 66/18 s
85/29 78/25 t
79/26 54/12 pc
100/37 76/24 pc
74/23 62/16 t
75/23 48/8 t
87/30. 55/12 s
69/20 48/8 r
-.86/30 78/25 1t
72/22 54/12 c
86/30 70/21 pc
87/30 62/16 pc
82/27 69/20 s
104/40 78/25 s
86/30 63/17 s
88/31 78/25 pc
53/11 31/0 pc
86/30 70/21 t
57/13 39/3 s
87/30 73/22 pc
73/22 58/14 s
77/25 65/18 r
75/23 61/16 pc
58/14 42/5 s
94/34 79/26 c
74/23 72/22 r
73/22 57/13 t
88/31 63/17 pc
75/23 62/16 c
85/29 70/21 pc
75/23 57/13 t
73/22 56/13 pc

ABACO Today:

E at 6-12 Knots
E at 6'12 Knots
SE at 5-10 Knots
ESE at 6-12 Knots
ESE at 5-10 Knots
ESE at 6-12 Knots

Weather (W): s-sunny, pc-partly cloudy, c-cloudy, sh-showers, t-thunder-
storms, r-rain, sf-snow flurries, sn-snow, i-ice, Prcp-precipitation, Tr-trace

1-2 Feet
1-2 Feet
0-1 Feet
1-2 Feet
1-2 Feet
1-3 Feet

6-7 Miles
4-7 Miles
6-7 Miles
5-7 Miles
6-7 Miles
5-7 Miles

85" F
85" F
85* F
85" F
84* F
84" F

Atlantic City
Charleston, SC